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4. Chapter before Problem 068 You were hired as a consultant to Quigley Company, whose target capital structure is 40% debt, 10% preferred, and 50%

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4. Chapter before Problem 068 You were hired as a consultant to Quigley Company, whose target capital structure is 40% debt, 10% preferred, and 50% common equity. The interest rate on new debt is 6.50%, the yield on the preferred is 6.00%, the cost of retained carings is 12.25%, and the tax rate is 40%. The firm will not be issuing any new stock. What is Quigley's WACC? Om 9.09% O 8.29% O.8.62% O 9.32%

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