1. The basic WACC equation The calculation of WACC involves calculating the weighted averege of the required rates of return on debt, preferred stock, and common equity, where the welghts equal the percentage of each type of financing in the firm's overall capital structure. Is the tymbol that represents the cost of preferred stock in the weighted overage cost of capital (WACC) equation. Raymend Co. has $2.7 mallion of debt, $2 million of preferred stock, and $2.1 million of common equity. What would be its welght on preferred stock? 0.32 0.29 0.26 0.40