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(Related to checkpoint 14.1) (Weighted average cost of capital) The target capital structure for OM Industries is 43 percent common stock. 7 percent preferred stack, and 50 percent debt. If the cost of common equity for the firm is 17.6 percent, the cost of preferred stock is 10.9 percent, the before-tax cost of debt is 8.2 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 3% (Round to three decimal places.)