(Weighted average cost) The target capital structure for QM Industries is 45% common stock,14% preferred stock,and 41% debt.If the cost of common equity for the firm is 17.9%,the cost of preferred stock is 9.9%,the before-tax cost of debt is 7.1,and the firms tax rate is 35%,what is QM's weighted average cost of capital? QM's WACC is ___%(round to three decimal places)