Calculation of individual costs and WACC BlackRock, Inc. $($BLK$)$ has a capital structure that consists of common stock equity and debt. The market capitalization of its equity is $$75\mathrm{.}384$ billion and its debt has

a market value of $$5\mathrm{.}203$ billion.

a$.$ Calculate the market value weights for BLK$\text{'}$s capital structure.

b$.$ Calculate BLK$\text{'}$s cost of equity using a beta of $1\mathrm{.}33,$ a risk$-$free rate of $0\mathrm{.}86\%,$ and a market risk premium of $6\mathrm{.}20\%.$

c$.$ Calculate BLK$\text{'}$s cost of debt using a bond price of $$1,059\mathrm{.}81,$ semi$-$annual coupon payment of $$38\mathrm{.}75,$ and $6$ years to maturity.

d$.$ Calculate BLK$\text{'}$s current WACC using a $21\%$ corporate tax rate.

a$.$ The market value weight of long$-$term debt in BLK$\text{'}$s capital structure is

$\%.($Round to two decimal places.$)$