Wayco Industrial Supply has a pretax cost of debt of 5.0 percent, a cost of equity of 10.0 percent, and a cost of preferred stock of 7.5 percent. The firm has 200,000 shares of common stock outstanding at a market price of $30.00 a share. There are 20,000 shares of preferred stock outstanding at a market price of $35.00 a share. The bond issue has a face value of $250,000 and a market quote of 103.0. The company's tax rate is 35 percent. What is the firm's weighted average cost of capital? 9.50 percent 9.00 percent 8.50 percent 8.00 percent 10.00 percent