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YE Coyote Industries finances its projects with 40 percent debt, 20 percent Preferred Stock and 40 percent common stock. Based upon the information provided below,

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YE Coyote Industries finances its projects with 40 percent debt, 20 percent Preferred Stock and 40 percent common stock. Based upon the information provided below, what is the company's weighted average cost of capital? Y E Coyote Yield to Maturity of Bonds 8.20% Dividend of Preferred Stock $756 Dividend at time O (DO) $487 Constant Growth Rate of Common Stock (0) 4% Preferred Stock Price $9188 Common Stock Price $53.04 Tax Rate 21% Multiple Choice 10.36% 9.83% 10.54% 9.66% O 10.72%

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