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(Weighted average cost of capital)The target capital structure for QM Industries is 45%common stock,12%preferred stock,and 43% Debt. If the cost of...

(Weighted average cost of capital)The target capital structure for QM Industries is 45%common stock,12%preferred stock,and 43% Debt. If the cost of common equity for the firm is 17.6%, the cost of preferred stock is 9.4%,the before-tax cost is 7.7%, and the firm's tax rate is 35%,what is QM's weighted average cost of capital?

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