7) You work for smith company as a consultant. Kroncke target capital structure is 30% debt, 20% preferred, and 50% common equity. The after tax cost...

7) You work for smith company as a consultant. Kroncke target capital structure is 30% debt, 20% preferred, and 50% common equity. The after tax cost of debt is 8%, the cost of preferred is 6.5%, and the cost of retained earnings is 13.25%. The firm will not be issuing any new stock. What is its WACC? -10.07% -10.37% -9.48% -10.68% -10.325%