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Score: 0 of 1 pt 1 of 6 (O complete) HW Score: 0%, 0 of 11 pts P14-22 (similar to) Question Help (Related to Checkpoint

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Score: 0 of 1 pt 1 of 6 (O complete) HW Score: 0%, 0 of 11 pts P14-22 (similar to) Question Help (Related to Checkpoint 14.1) (Weighted average cost of capital) The target capital structure for OM Industries is 35 percent common stock, 10 percent preferred stock, and 55 percent debt of the cost of common equity for the firm is 17.6 percent, the cost of preferred stock is 9.7 percent, the before tax cost of debt is 8.4 percent, and the firm's tax rate is 35 percent, what is OM's weighted average cost of capital? QMs weighted average cost of capital in % (Round to three decimal places)

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