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PLEASE HELP URGENT (Related to Checkpoint 14.1) (Weighted average cost of capital) The target capital structure for QM Industries is 45 percent common stock. 5

PLEASE HELP URGENT
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(Related to Checkpoint 14.1) (Weighted average cost of capital) The target capital structure for QM Industries is 45 percent common stock. 5 percent preferred stock, and 50 percent debt. If the cost of common equity for the firm is 18.9 percent, the cost of preferred stock is 10.4 percent, the before-tax cost of debt is 8.9 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)

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