When estimate step by step the Weighted Average Cost of Capital for a corporation, we know the following information about their outstanding public securities: 1.600 semiannual bonds outstanding. 7 years to maturity, Coupon 8%, Face value $1000, current market Price $452 2.1, 300 common shares trading currently at $30/share, B 0.75, Risk Free 4%, Market Return 10%, Tax Rate 35% What is the Cost of Debt? Make sure to indicate steps and submit photo once test is submitted. About 25% About 12.5% About 10% bo About 30%