Question: PLEASE show all work without excel, thank you very much upvotes will be given!! 5. You were hrred as a consultant to Quigley Company, whose

PLEASE show all work without excel, thank you very much upvotes

PLEASE show all work without excel, thank you very much upvotes will be given!!

5. You were hrred as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equity. Several years ago, the Quigley Company sold a $1,000 par value, noncallable bond that now has 20 years to maturity and a 7.00% annual coupon that is paid semiannually. The bond currently sells for $925. You also know the following information: rRF =5.00%, RPM (Market Risk Premium )=6.00%, and b=1.25. The yield on the preferred is 6.00%. The company's tax rate is 40%. What is Quigley's WACC? (10 points)

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