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 $$76\mathrm{.}406$ billion and its debt has a market value of

$$6\mathrm{.}199$ 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 $1\mathrm{.}16,$ a risk$-$free rate of $0\mathrm{.}61\%,$ and a market risk premium of $5\mathrm{.}60\%.$

c$.$ Calculate BLK$\text{'}$s cost of debt using a bond price of $$1,056\mathrm{.}64,$ semi$-$annual coupon payment of $$32\mathrm{.}50,$ and $12$

years to maturity.

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

solve a$,$b$,$c$,$d