The capital structure for the Carion Corporation is provided here. The company plans to maintain its debt structure in the future. If the firm has a 5.5 percent after- tax cost of debt, a 13.5 percent cost of preferred stock, and an 18 percent cost of common stock, what is the firm€™s weighted average cost of capital?

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CAPITAL STRUCTURE ($000) Bonds Preferred stock Common stock 1,083 268 3,681 $5,032