The target capital structure for Jowers Manufacturing is 50% common stock, 11% preferred stock, and 39% debt

The target capital structure for Jowers Manufacturing is 50% common stock, 11% preferred stock, and 39% debt. If the cost of common equity for the firm is 19.9%, the cost of preferred stock is 12%, and the before tax cost of debt is 9.2%, what is Jowers’ cost of capital? The firm’s tax rate is 34%

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