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

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Reactive Power Generation has the following capital structure. Its corporate tax rate is 21%. Security Market Value Required Rate of Return Debt $ 20 million

Reactive Power Generation has the following capital structure. Its corporate tax rate is 21%.

Security	Market Value			Required Rate of Return
Debt	$	20	million		2	%
Preferred stock		30	million		4
Common stock		50	million		8

What is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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