Theodore Inc. has a capital structure made up of 50% in common equity, 40% in debt and 10% in preferred equity. The cost of common equity is 20%, the cost of preferred equity is 13%, and the pre-tax cost of debt is 8%. What is the weighted average cost of capital for Theodore Inc.? Assume a marginal tax rate of 40%. Multiple Choice 13.22% 13.42% 12.98% 12.07% 14.45%