Determine what is jowers cost of capital structure

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The target capital structure for Jowers Manufacturing is 53% common stock, 19% preferred stock, and 28% debt. If the cost of common equity for the firm is 20.4%, the cost of preferred stock is 11.2%, and the before tax cost of debt is 9.6% what is Jowers' cost of capital? The firms' tax rate is 34%.

Reference no: EM13327930

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