You were hired as a consultant to Dundee Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equity. The effective post-tax interest rate on new debt is 4.88%, the yield on the preferred is 9.67%, the cost of retained earnings is 14.25%, and the tax rate is 35%. The firm will not be issuing any new stock. What is Dundee's WACC? 10.51% 6.83% 7.02% 9.91% 9.60%