Question: Problem 13-3 Calculating WACC (LO1) Reactive Power Generation has the following capital structure. Its corporate tax rate is 30%. Required Rate of Return Security Debt

 Problem 13-3 Calculating WACC (LO1) Reactive Power Generation has the following

Problem 13-3 Calculating WACC (LO1) Reactive Power Generation has the following capital structure. Its corporate tax rate is 30%. Required Rate of Return Security Debt Preferred stock Common stock Market Value $ 20 million 30 million 50 million 2% What is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places) WACC

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