The target capital structure for Jowers manufacturing is 45% common stock, 13% preferred stock, and...
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The target capital structure for Jowers manufacturing is 45% common stock, 13% preferred stock, and 42% debt. If the cost of common equity for the firm is 19.1%, the cost of preferred stock is 11.2%, and the before tax cost of debt is 10.1%, what is Jowers cost of capital? The firms tax rate is 34%.
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