Question 14 (1 point) Byers Inc. will be raising $100 million to finance a project. $50 mlion of it will be by selling stocks. The remaining $50 million will be raised by selling bonds The bonds will have 6% yield-to-maturity. The cost of stocks is 20 %. Byers mc, oays 40% tax. Ignoring flotation costs, the weighted average cost of capital must be a) 11.80% b) 12.40% Oc) 13.50 % d) 8.0%