Accounting Question.. Due in 2 Hours
The target capital structure for QM Industries is 35% common stock, 6% preferred stock, and 59% debt. If the cost of common equity for the firm is 17.2%, the cost of preferred stock is 9.8%, the before-tax cost of debt is 7.8%, and the firm’s tax rate is 35%, what is QM’s weighted average cost of capital?
QM’s WACC is ________%
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