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(Related to Checkpoint 14.1) (Weighted average cost of capital) The target capital structure for OM Industrias is 44 percent common stock, 13 percent pretorted stock,

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(Related to Checkpoint 14.1) (Weighted average cost of capital) The target capital structure for OM Industrias is 44 percent common stock, 13 percent pretorted stock, and 43 percent debt. If the cost of common equity for the firm is 18.4 percent , the cost of preferred stock is 9.1 percent, tho bolore-tax cost of debt is 8.3 percent, and the firm's tax rato is 35 percent, what is QM's weighted average cost of capital? QM's weighted average cost of capital is L% (Round to three decimal places)

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