3A Weighted average cost of capital Thetargetcapitalstructurefor Jowers Manufact

3A Weighted average cost of capital Thetargetcapitalstructurefor Jowers Manufacturing is49% common stock 11%preferredstockand 40%debt.If the cost of common equiity for the firm is 20.5% the cost ofpreferred stock is 11.9% and the beforetaxcost of debtis 10.1% what is Jowers cost ofcapital. The firms tax rate is34% Jowers WACC is ____ % (round 3 decimal places)