a Peter's Audio Shop has a cost of debt of 6%, a cost of equity of 11%, and a cost of preferred stock of 9%. The firm has 102,000 shares of common stock outstanding at a market price of $25 a share. There are 35,000 shares of preferred stock outstanding at a market price of $40 a share. The bond issue has a total face value of $500,000 and sells at 104% of face value. The tax rate is 28%. What is the weighted average cost of capital for Peter's Audio Shop? a Select one: O A.9.6% OB. 8.7% O C. 11.1% O D.6.1%