Wayco Industrial Supply has a pretax cost of debt of 7.5 percent, a cost of equity of 12.5 percent, and a cost of preferred stock of 9.5 percent. The firm has 200,000 shares of common stock outstanding at a market price of $30 a share. There are 20,000 shares of preferred stock outstanding at a market price of $40 a share. The bond issue has a face value of $500,000 and a market quote of 103. The company's tax rate is 20 percent. What is the firm's weighted average cost of capital? Group of answer choices 10.23 percent 11.25 percent 10.79 percent 12.50 percent 11.71 percent