Business, 15.04.2020 17:27 gaceves6177

You were hired as a consultant to Kingsley Company, whose target capital structure is 40% debt, 10% preferred, and 50% common equity. The interest rate on new debt is 7.00%, the yield on the preferred is 6.00%, the cost of retained earnings is 10.50%, and the tax rate is 40%. The firm will not be issuing any new stock. What is Quigley's WACC? 6.72% 7.68% 8.20% 7.53% 6.45%

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