5) You were hered as a consultant to Cavigley Company, whose target capital structure is 35). debt, 107. preferred and 55% common equity. The interest rate on debt ratio is 46.50%, the field on the preferred is 6.00%, the cost of retained eamings is 10.50% and the tax rate is 25%. The firm will not be issuing any new stock. What is livigley's WACC