The target capital structure QM industries 41% common stock, 9% preferred stock 50% debt. If most common equity firm 18.3% cost preferred stock 9.1%…

The target capital structure QM industries 41% common stock, 9% preferred stock 50% debt. If most common equity firm 18.3% cost preferred stock 9.1% before-tax cost debt 7.2% firm’s tax rate 35% Gm’s weighted average cost capital