Use the information below to calculate Weighted Average Cost of Capital, assuming that no new shares will need to be sold.

coupon rate on bonds 12.00%

corporate tax rate 30.00%

anticipated dividend $5.00

yield to maturity on bonds 10.00%

current share price $100.00

floatation costs 5.00%

expected growth rate 8.00%

a.

10.00%

b.

11.00%

c.

10.13%

d.

11.40%