Solar Shades has 6.6 million shares of common stock outstanding, 5.6 million shares of preferred stock outstanding, and 26 thousand bonds. If the...

Solar Shades has 6.6 million shares of common stock outstanding, 5.6 million shares of preferred stock outstanding, and 26 thousand bonds. If the common shares are selling for $29.70 per share, the preferred share are selling for $31.60 per share, and the bonds are selling for 104.84 percent of par, what would be the weight used for equity in the computation of Solar Shade's WACC?

• 33.33%
• 48.98%
• 66.67%
• 53.98%