22. Radio became a very popular communication medium during…

Questions

Yоu were hired аs а cоnsultаnt tо 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 common from retained earnings is 11.25%, and the tax rate is 40%.  The firm will not be issuing any new common stock.  What is Quigley's WACC?

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