Western Electric has $28,000$ shares of common stock outstanding at a price per share of $$71$ and a rate of return of $13\mathrm{.}40$ percent. The firm has $6,900$ shares of $7\mathrm{.}00$ percent preferred stock outstanding at a price of $$91\mathrm{.}00$ per share. The preferred stock has a par value of $$100.$ The outstanding debt has a total face value of $$380,000$ and currently sells for $107$ percent of face. The yield to maturity on the debt is $7\mathrm{.}84$ percent. What is the firm's weighted average cost of capital if the tax rate is $21$ percent?

Multiple Choice

$10\mathrm{.}42\%$

$10\mathrm{.}65\%$

$11\mathrm{.}24\%$

$11\mathrm{.}47\%$