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D Question 13 1 pts You were hired as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55%

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D Question 13 1 pts You were hired as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equity. The interest rate on new debt is 6.50%, the yield on the preferred is 6.00%, the cost of retained earnings is 11.00%, and the tax rate is 40%. The firm will not be issuing any new stock. What is Quigley's WACC? 6.25% 8.02% 9.06% 07.05% 7.69%

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