target capital structure qm industries 45 common stock 7 preferred stock and 48 debt if cost

The target capital structure for QM Industries is 45% common stock, 7% preferred stock, and 48% debt. If the cost of common equity for the firm is 18.8%, the cost of preferred stock is 10.2%, the before tax cost of debt is 8.8%, 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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