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You were hired as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equity. The pre-tax cost

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You were hired as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equity. The pre-tax cost of debt is 6.50%, the Yied on the preferred is 600%, the cost of retained earnings is $0.50% and the tax rate is 25%. The firm will not be issuing amy new stock What is Quigley's WACC? Round final answer to twodecimal places. Do not round your intermediate calculations. 6737sin 6118 9.37% 697% 8.0384

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