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Western Electric has 24.500 shares of common stock-outstanding at a price per share of $64 and a rate of return of 13.75 percent. The firm

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Western Electric has 24.500 shares of common stock-outstanding at a price per share of $64 and a rate of return of 13.75 percent. The firm has 6.550 shares of 6.30 percent preferted stock outstanding at a price of $87.50 per share. The preferred stock has a par value of $100. The outstanding debt has a total face value or $359.000 and currently selis for 103.5 percent of foce. The yleld to maturity on the debt is 7.63 percent What is the firm's weighted average cost of capital if the tax rate is 24 percent? Multiple Choice 11.08% 11.35% 10.70% 10.27% 10.50%

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