Related to Checkpoint 14.1) (Welghted average cost of capital) The target capital structure for QM Industries is 39 percent common stock, 8 percent preferred stock, and 53 percent debt Iif the cost of common equity for the firm is 17.9 percent, the cost of preferred stock is 10.2 percent, the before-tax cost of debt is 7.4 percent, and the firm's tax rate is 35 percent what is QMMs weighted average cost of capital? M's weighted average cost of capital is %(Round to tree decimal places.)