Problem 13-3 WACC (L01) Reactive Power Generation has the following capital structure. Its corporate tax rate is 21% Required Rate 07 Return Security Debt Preferred stock Common stock Market Value $ 20 million 20 million 60 million 8 12 What is its WACC? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) WACO 10.07