Valley Equipment has three forms of financing: Bonds, Preferred Stock, and Common Stock. It weights the financing 40% bonds, 15% preferred stock and 45% common stock. If its after-tax cost of debt is 6%, its cost of preferred stock is 7%, and cost of common stock 10%, what is Valley Equipment's overall weighted average cost of capital? Multiple Choice 8.05 percent 780 percent 795 percent 310 percent