Western Electric has $27,000$ shares of common stock outstanding at a price per share of $$69$ and a rate of return of $13\mathrm{.}50$ percent. The firm has $6,800$ shares of $6\mathrm{.}80$ percent preferred stock outstanding at a price of $$90\mathrm{.}00$ per share. The preferred stock has a par value of $$100.$ The outstanding debt has a total face value of $$374,000$ and currently sells for $106$ percent of face. The yield to maturity on the debt is $7\mathrm{.}78$ percent. What is the firm's weighted average cost of capital if the tax rate is $24$ percent?

Multiple Choice

$11\mathrm{.}19\%$

$10\mathrm{.}60\%$

$11\mathrm{.}44\%$

$10\mathrm{.}80\%$

$10\mathrm{.}37\%$