(weighted average cost of capital) the target capital structure for QM Industries is 42% common stock, 14% preferred stock, and 44% debt. If the cost of common equity for the firm is 18.1%, the cost of preferred stock is 9.2%, the before tax cost of debt is 7.2%, and the firm’s tax rate is 35%, what is the QM’s weighted average cost of capital. (round to three decimal places).
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