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 5.00%, the cost of retained earnings is 11%, and the tax rate is 35%. The firm will not be issuing any new stock. What is Quigley's WACC? 7.1265% 10.3243% 8.667% 7.3222% 8.028%