(Related to Checkpoint 14.1) (Weighted average cost of capital) The target capilal atructure for CM industies is 42 percert common shock 15 parcent prelened stock, 3nd 43 pertent chte if the cost of common equity for the firm is 17.6 percent, the cost of preferred stock is 10.8 percent, the beforo-tax cost of dest is 7.1 percent, and the firm's tax rate is 35 pertent, whatio Cark weighted average cost of capital? QM's weighted average cost of eaptal is 6. (Round to thee decimai places.)