6. The basic WACC equation The calculation of a weighted average cost of capital (WACC) involves calculating the weighted average of the required rates on debt and 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 preferred stock in the weighted average cost of capital (WACC) equation. rps has $1.65 million of debt, $3.88 million of preferred stock, and $3.72 million of common equity. What would be its weight on common equity? \begin{tabular}{c|c} rB & 46.15% \\ \hlinere & 40.22% \\ \hlinerdT & 33.56% \\ & 37.76% \end{tabular}