​(Related to Checkpoint​ 14.1) ​ (Weighted average cost of​ capital) The target capital structure for QM Industries is 40 percent common​ stock, 10 percent preferred​ stock, and 50 percent debt. If the cost of common equity for the firm is 18 ​percent, the cost of preferred stock is 10 ​percent, the​ before-tax cost of debt is 8 percent, and the​ firm's tax rate is 35 ​percent, what is​ QM's weighted average cost of​ capital? QM's weighted average cost of capital is  ​%. ​(Round to three decimal​ places.)

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​(Related to Checkpoint​ 14.1) ​ (Weighted average cost of​ capital)

The target capital structure for QM Industries is 40 percent common​ stock, 10 percent preferred​ stock, and 50 percent debt. If the cost of common equity for the firm is 18 ​percent, the cost of preferred stock is 10 ​percent, the​ before-tax cost of debt is 8 percent, and the​ firm's tax rate is 35 ​percent, what is​ QM's weighted average cost of​ capital?

QM's weighted average cost of capital is  ​%. ​(Round to three decimal​ places.)

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