Use the following data for the next 5 questions: Debt 38,000 bonds with a 5.0% coupon rate, payable annually. 15 years to maturity. selling at $1,050 per bond. fon Common Stock 746,000 shares of common stock outstanding. The stock sells for a price of $44 per share and has a beta of 1.65. Preferred Stock 117,000 preferred shares outstanding, currently trading at $84.61 per share; with an annual dividend payment of $8.39. Market The market risk premium is 24% and the risk free rate is 5% Tax Rate 34% What is the weighted average cost of capital? (Answer as a percer Select one: O a. 20.35 % Ob. 24.06 % c. 17.30 % O d. 22.13% O e. 18.08 %