What is jowers cost of capital

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The target capital structure for Jowers Manufacturing is 52% common stock, 10% preferred stock, and 34% debt. If the cost of common equity for the firm is 20.8%, the cost of preferred stock is 12.5%, and the before-tax cost of debt is 10.4%, what is Jowers' cost of capital? The firm's tax rate is 34%.

Reference no: EM132364578

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