Question 21 4.5 pts ItsMe Inc. has a capital structure which is based on 30 percent debt, 5 percent preferred stock, and 65 percent common stock. The flotation costs are 11 percent for common stock, 10 percent for preferred stock, and 5 percent for debt. The corporate tax rate is 37 percent. What is the weighted average flotation cost? O 7.97 percent O 8.48 percent 09.15 percent 0 9.75 percent O None of above is correct