ns Question Help ata Oxy Corporation uses debt, preferred stock, and common stock to raise capital. The firm's capital structure targets the following proportions: debt, 42%; preferred stock, 12%; and common stock, 46%. If the cost of debt is 6.5%, preferred stock costs 9.4%, and common stock costs 11.8%, what is Oxy's weighted average cost of capital (WACC)? Oxy's weighted average cost of capital (WACC) is %. (Round to two decimal places.) ma