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The target capital structure for QM Industries is 40 % ordinaryshares, 7% preferenceshares, and 53% debt. If the cost of ordinary equity for the firm

The target capital structure for QM Industries is 40 % ordinaryshares, 7% preferenceshares, and 53% debt. If the cost of ordinary equity for the firm is 17.7%, the cost of preference shares is 10.4%, thebefore-tax cost of debt is 7.6%, and thefirm's tax rate is 30%, what isQM's weighted average cost ofcapital?

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