Young Ind, issued bonds 3 years ago with a 9% coupon rate. These bonds actual yield to maturity is 11.5%. The company common stock price is $57 and last year dividends were $2.06. Dividends during last years were: 2020 $2.06 2019 $1.87 2018 $1.70 Preferred stocks price is $80 and dividends are $6 with flotation cost of 4%. Young corporate rate is 28%. If new common stocks are issued a 5% flotation costs will be charged. The firm optimal capital structure is: Debt 38%, Common Equity 37%, Preferred Stocks 25% Calculate the Marginal Cost of Capital DON'T MAKE INTERMEDIATE ROUNDINGS Multiple Choice 9.45% O O 10.35% 10.21% O NOT ENOUGH DATA TO ANSWER 10.14%