4 < Back to Assignment Attempts: Keep the Highest: /2 BO esc 6. The basic WACC equation The calculation of a weighted average cost of capital (WACC) involves calculating the weighted average of the required rates of return on debt and 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 raising capital by issuing new stock in the weighted average cost of capital (WACC) equation. Eric Co. has $2.17 million of debt, $3.04 million of preferred stock, and $1.68 million of common equity. The appropriate weight of the firm's debt in the calculation of the company's weighted average cost of capital is * @ "2 Grade It Now Save & Continue Continue without saving MacBook Air 80 888 00 DU DD F3 F4 F5 17 19