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You were hired as a consultant to Quincies Market Co., whose target capital structure is 33% debt, 10% preferred, and 57% common equity. The Interest

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You were hired as a consultant to Quincies Market Co., whose target capital structure is 33% debt, 10% preferred, and 57% common equity. The Interest rate on new debt is 6.50%, the yield on the preferred is 6.00%, the cost of retained earnings is 11.25%, and the tax rate is 35%. The firm will not be issuing any new stock. What is Quigley's WACC? O a. 8.15% b. 8.41% c. 8.82% O d. 9.17% O e. 9.54%

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