5. The basic WACC equation equity, where the weights equal the percentage of each type of financing in the firm's overall capital structure. is the symbol that represents the cost of raising capital through retained earnings in the weighted average cost of capital (WACC) Darnell Co. has $3.6 million of debt, $3.16 million of preferred stock, and $3.55 million of common equity. What would be its weight on debt? 34.92% 33.72% 24.52% 27.59%