BlackRock, Inc. (BLK) has a capital structure that consists of common stock equity and debt. The market capitalization of its equity is $77.004 billion and its debt has a market value of $4,967 million.

a. Calculate the market value weights for BLK’s capital structure.

b. Calculate BLK’s cost of equity using a beta of 1.13, a risk-free rate of 0.70%, and a market risk premium of 6%.

c. Calculate BLK’s cost of debt using a bond price of $1,071, semi-annual coupon payment of $31.25, and six years to maturity.

d. Calculate BLK’s current WACC using a 21% corporate tax rate.