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Problem 13-3 WACC (LO1) Reactive Power Generation has the following capital structure. Its corporate tax rate is 21%. Security Debt Preferred stock Common stock Market

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Problem 13-3 WACC (LO1) Reactive Power Generation has the following capital structure. Its corporate tax rate is 21%. Security Debt Preferred stock Common stock Market Value $ 30 million 20 million 50 million Required Rate of Return 2% 4 8 What is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to WACC 4.68 %

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