What is jowers cost of capital

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The target capital structure for Jowers Manufacturing is 46% common stock, 11% preferred stock, and 43% debt. If the cost of common equity for the firm is 20.2%, the cost of preferred stock is 11.7% and the before tax cost of debt is 10.9 %, what is Jowers cost of capital? The firm's tax rate is 34%. Round to 3 decimal places.

Reference no: EM13283547

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