QUESTION 23 Snoke Corporation's target capital structure is 35% debt, 10% preferred, and 59% common equity. The interest rate on new debt is 6.50%, the yield on the preferred is 6.00%, the cost of common from reinvested camings is 11.25%, and the tax rate is 25%. The firm will not be issuing any new common stock. What is Snoke's WACCY a. 9.55% Ob. 8.49% O c.9.19% O d. 8.83% Oe. 9.94%