(Related to Checkpoint 14.1) (Weighted average cost of capital) The target capital structure for QM Industries is 44 percent common stock, 9 percent preferred stock, and 47 percent debt if the cost of common equity for the firms 17.4 percent, the cost of preferred stockis 97 percent, the before-tax cost of debt is 75 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 1% (Round to three decimal piacos