The target capital structure for SMJ Corporation is 37% common stock, 15% preferred stock, and 48% debt. If the cost of common equity for the firm is 17.9%, the cost of preferred stock is 9.5%, the before tax cost of debt is 7.6%, and the firm's tax rate is 35%, what is SMJ's weighted average cost of capital?
Weighted average cost of capital (finance problem)
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