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The target capital structure for QM Industries is 3 8 % common stock, 1 2 % preferred stock, and 5 0 % debt. If the

The target capital structure for QM Industries is 38% common stock, 12% preferred stock, and 50% debt. If the cost of common equity for the firm is 17.6%, the cost of preferred stock is 9.7%, the before-tax cost of debt is 7.3%, and the firm's tax rate is 35%, what is QM's weighted average cost of capital?
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