The target capital structure for jowers manufacturing is 50

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The target capital structure for Jowers Manufacturing is 50% common stock, 10% preferred stock, and 40% debt. If the cost of common equity for the firm is 19.6%, the cost of preferred stock is 12.2%, and the abefore tax cost of debt is 9.2%. What is Jowers' cost of capital?

Reference no: EM13617707

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