You were hired as consultant to Delta State Laundry Servi whose target capital structure is 35% debt, 10% preferred, and 55% common equity. Th1 interest rate on new debt is 6.5%, the yield on the preferred stock is 6%, the cost of retained earnings is 11.2 5%, and tax rate is 40%. The firm will not be issuing any new stock. What is Delta State Laundrv Services WAGE