Please assist with the following question <\/p>
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The target capital structure for QM industries if 40% common stock, 10% preferred stock, and 50% debt. If the cost of common equity for the firm is 18%, the cost of preferred stock is 10%, the before-tax cost of debt is 8% and the firm's tax rate is 35%, what is QM's weighted average cost of capital?<\/p>", "transcribed_text": "", "related_book": { "title": "Accounting Principles", "isbn": "1119491630, 978-1119491637, 978-0470534793", "edition": "10th Edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/54.jpg", "uri": "\/textbooks\/accounting-principles-10th-edition-54", "see_more_uri": "" }, "free_related_book": { "isbn": "0072874260", "uri": "\/textbooks\/interpersonal-skills-in-organizations-1st-edition-978-0072874266-148958", "name": "Interpersonal Skills In Organizations", "edition": "1st Edition" }, "question_posted": "2024-05-27 04:05:38", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/marty-owns-an-auto-body-repair-shop-the-business-has-71167", "description": "Marty owns an auto body repair shop. 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