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(Weighted average cost of capital) The target capital structure for QM Industries is 40 percent common stock, 5 percent preferred stock, and 55 percent debt.

(Weighted average cost of capital) The target capital structure for QM Industries is 40 percent common stock, 5 percent preferred stock, and 55 percent debt. If the cost of common equity for the firm is 17.1 percent, the cost of preferred stock is 9.2 percent, the before-tax cost of debt is 8.8 percent, and the firm's tax rate is 35 percent, what is QM's weighted average cost of capital?

QM's weighted average cost of capital is?

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