Oxy Corporation uses debt, preferred stock, and common stock to raise capital. The firm's capital structure targets the following proportions: debt, 49%; preferred stock, 10%; and common stock, 41%. If the cost of debt is 7.3%, preferred stock costs 7.6%, and common stock costs 10.9%, what is Oxy's weighted average cost of capital (WACC)? \ Oxy's weighted average cost of capital (WACC) is ___________%. (Round to two decimal places.)
Oxy Corporation uses debt, preferred stock, and common stock to raise capital. The firm's capital structure targets the following proportions: debt, 49%; preferred stock, 10%; and common stock, 41%. If the cost of debt is 7.3%, preferred stock costs 7.6%, and common stock costs 10.9%, what is Oxy's weighted average cost of capital (WACC)? \ Oxy's weighted average cost of capital (WACC) is ___________%. (Round to two decimal places.)
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Oxy Corporation uses debt, preferred stock, and common stock to raise capital. The firm's capital structure targets the following proportions: debt,
preferred stock costs 7.6%, and common stock costs 10.9%, what is Oxy's weighted average cost of capital
49%; preferred stock, 10%; and common stock, 41%.
If the cost of debt is 7.3%, (WACC)?
\
Oxy's weighted average cost of capital (WACC) is
___________%.
(Round to two decimal places.)Expert Solution
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