You were hired as a consultant to Quigley Company, whose target capital structure is 35%...
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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 interest rate on new debt is 6.50%, the yield on the preferred is 6.00%, the cost of retained carnings is 10.25%, and the tax rate is 40%. The firm will not be issuing any new stock. What is Quigley's WACC? Round final answer to two decimal places. Do not round your intermediate calculations 8.21% 7.6096 7.98% 07.15% 8.89%
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