Turnbull Co. is considering a project that requires an initial investment of 270,000. The firm will raise the $270,000 in capital by issuing 100,000 of debt at a before-tax cost of 10.2%, $30,000 of preferred stock at a cost of 11.4%, and $140,000 of equity at a cost of 14.3%. The firm faces a tax rate of 40%. What will be the WACC for this project?

A. 10.95%

B. 12.05%

C. 7.67%

D. 10.40%