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Westerm Electric has 28,500 shares of common stock outstanding at a price per share of $72 and a rate of return of 13.35 percent. The

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Westerm Electric has 28,500 shares of common stock outstanding at a price per share of $72 and a rate of return of 13.35 percent. The firm has 6.950 shares of 710 percent preferred stock outstanding at a price of $91.50 per share. The pceferred stock has a par value of $100. The outstanding debt has a total tace value of $383,000 and currently sells for 107.5 percent of face. The yield to migturity on the debt is 7.87 percent. What is the firn's weighted merape cost of capital if the tox rate is 22 percent? Multipie Choice: 10.42x 10.5% 10.06% 11.48g

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