Define the cost of capital

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Reference no: EM131539346

The target capital structure for Jowers Manufacturing is 49 percent common? stock, 12 percent preferred? stock, and 39 percent debt. If the cost of common equity for the firm is 20.1 ?percent, the cost of preferred stock is 11.1 ?percent, and the? before-tax cost of debt is 9.4 ?percent, what is? Jowers' cost of? capital? The? firm's tax rate is 34 percent.

Jowers' cost of capital is _____

Reference no: EM131539346

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