(Related to Checkpoint 14.1) (Weighted average cost of capital) The target capital structure for QM Industries is 43 percent common stock 6 percent preferred stock, and 51 percent debt if the cost of common equity for the firm is 178 percent, the cost of preferred stock is 10 3 percent the before-tax cost of debt is 72 percent, and the firm's tax rate is 35 percent, what is GM's weighted average cost of capital? QM's weighted average cost of capital is % (Round to three decimal places)