Score: 0 of 1 pt 1 of 6 (0 complete) HW Score: 0%, 0 of.. P14-22 (similar to) Question Help (Related to Checkpoint 14.1) (Weighted average cost of capital) The target capital structure for QM Industries is 45 percent common stock, 5 percent preferred stock, and 50 percent debt. If the cost of common equity for the firm is 18.3 percent, the cost of preferred stock is 9.8 percent, the before-tax cost of debt is 8.4 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 %. (Round to three decimal places)