The calculation of WACC imolves calculating the weighted average of the reguired rates of return on debt, preferred stock, anil common ectuity, Where: the weights equal the percentage of each type of financingin the firm's overall capital structure. Is the symboi that represents the before-tax cost of debt in the weighted average cost of capital (WACC) equation. Mitchell Co, has $1,4 million of debt, $1,5 miltion of preferted stock, and $3,3 million of common equity. What would be its weight on pteferred stock? 0,19 0.24 0.53 0.23