The target capital structure for QM Industries is 39% common stock, 9% preferred stock, and 52% debt

The target capital structure for QM Industries is 39% common stock, 9% preferred stock, and 52% debt. If the cost of common equity for the firm is 18.8%, the cost of preferred stock is 9.7%, the before tax cost of debt is 8.6%, and the firm’s tax rate is 35%, what is QM’s weighted average cost of capital?

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