(Weighted average cost of capital) The target capital structure for Jowers Manutacturing is 52 percent common stock, 17 percent preferted stock and31 porcent debt. it thin cost of common equity for the firm is 19.6 percent, the cost of prelerred stock is 12.6 percent, and the before-tax cost of dobt is 10:9 percont, what is Jowers' cost of capitai? The firm's tax rele is 34 percent Jowers' cost of capint is 4. (Round to three decimal places)