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The target capital structure for QM Industries is 3 6 percent common stock, 7 percent preferred stock, and 5 7 percent debt. If the cost

The target capital structure for QM Industries is 36 percent common stock, 7 percent preferred stock, and 57 percent debt. If the cost of common equity for the firm is 17.7percent, the cost of preferred stock is 10.6percent, the before-tax cost of debt is 7.8percent, and the firm's tax rate is 35percent, what is QM's weighted average cost of capital?

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