Below is balance sheet of Albion Company

Debt(9% interest rate)                                          $30,000,000

preferred stock(100,000 shares,12% dividend)          $10,000,000

common stock(5,000,000 outstanding)                    $60,000,000

Albion's Debt's current market price is $1,083.34,yield to maturity is 8%.Market price of preferred stock is $125 per share, common stock $16 per share.The accountant estimates the company's cost of common equity is 17%. If the company has the effective tax rate of 40%,what is the company's cost of capital?

A.  12.60%

B.  13%

C.  13.90%

D.  14.10%