The target capital structure for QM industries is 41% common stock, 6% preferred stock, and...
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Finance
The target capital structure for QM industries is 41% common stock, 6% preferred stock, and 53% debt. If the cost of common equity for the firm is 17.2%, the cost of the purchase preferred stock is 9.7%, the before tax cost of that is 8.8% in the firms tax rate is 35% what is QM's weighted average cost of capital?
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