The calculation of WACC involves calculating the weighted average of the required rates of retum on debt, preferred stock, and common equity where the weights equal the percentage of each type of financing in the firm's overall capital structure. is the symbol that represents the cost of preferred stock in the weighted average cost of capital (WACC) equation. Wyle Co, has $2.7 million of debt, $3 milion of preferred stock, and 51.8 million of commen equity. What would be its weight on cominan equity? 0.36 0.40 0.44 0.24