Homework: Homework 10 Fall 2020 Sa Score: 0 of 1 pt 12 of 18 (11 complete) HW Score: 61.11%, 11 of 18 P14-22 (similar to) : Question Help (Related to Checkpoint 14.1) (Weighted average cost of capital) The target capital structure for QM Industries is 35 percent common stock, 8 percent preferred stock, and 57 percent debt. If the cost of common equity for the firm is 18.7 percent, the cost of preferred stock is 10.4 percent, the before-tax cost of debt is 7.3 percent, and the firm's tax rate is 35 percent, what is QM's weighted average cost of capital? QM's weighted average cost of capital is %. (Round to three decimal places.)