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(Weighted average cost of capital) The target capital structure for Jowens Manufacturing is 52 percent common stock, 12 percent peeferred stock, and 36 percent debt.
(Weighted average cost of capital) The target capital structure for Jowens Manufacturing is 52 percent common stock, 12 percent peeferred stock, and 36 percent debt. If the coat of cominon equily for the firm \& 191 percent, the cost of prefered stock is 114 percent, and the before-tax cost of debt is 9.9 percent what is Jowers' cost of capital? The firm's taxr rate is 34 percent
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