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(weighted average cost of capital)  The target capital strucutre for Jowers Manufacturing is 47% common stock, 11% preferred stock, and 42% debt.  If the cost of common equity for the firm is 20.7%, the cost of preferred stock is 11.7%, and the before tax cost of debt is 10.1% what is jowers costof capital? the firms tax rate is 34%

 

Jowers WACC is -----% round to three decimal places

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