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Western Electric has 26,500 shares of common stock outstanding at a price per share of $68 and a rate of return of 13 55 percent.

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Western Electric has 26,500 shares of common stock outstanding at a price per share of $68 and a rate of return of 13 55 percent. The firm has 6,750 shores of 670 percent preferred stock outstanding at a price of $89.50 per share. The preferred stock has a par value of $100. The outstanding debt hos a total face value of $371,000 and currently sells for 105.5 percent of foce. The yield to maturity on the debt is 775 percent. What is the firm's weighted average cost of capital if the tax rate is 21 percent? Multiple Choice 11.20% 10.63% O 10.20% 11.43%

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