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You were hired as a consultant to Dundee Company, whose target capital structure is 30% debt, 5% preferred, and 65% common equity. The post-tax cost of new debt is 5.15%, the yield on the preferred is 7.25%, the cost of retained earnings is 13.75%, and the tax rate is 35%. The firm will not be issuing any new stock. What is Dundee's WACC? 10.30% 8.72% 10.85% 9.58% 8.12%