The common equity shares of Charter Communications (the owners of Spectrum, previously known as Time Warner Cable) trade at a price of $320 and there are 270 million shares outstanding. The company is expected to pay a dividend of $0.36 per share next year. The growth rate in dividends is expected to be 7% per year. Also, Charter has $59.7 billion of debt that trades with a yield to maturity of 4%. Additionally, Charter has $1.5 billion of preferred equity shares that trade at a price of $25.96 and pay an annual dividend of $1.50. If the firms tax rate is 30%, what is its rW ACC? Hint: to find the market value of equity (E) multiply the total number of shares by their price.