For a typical firm, which of the following sequences is CORRECT? All rates are after taxes, and assume that the firm operates at its target capital structure. $($kd $=$ cost of debt; ks $=$ cost of retained earnings; ke $=$ cost of new common stock$)$

Group of answer choices

ks $>$ ke $>$ kd $>$ WACC

WACC $>$ ke $>$ ks $>$ kd

ke $>$ WACC $>$ ks $>$ kd

None of these sequences are correct.

kd $>$ ke $>$ ks $>$ WACC