Carrie D's Has 6 Million Shares of Common Stock Outstanding

Multiple Choice

Carrie D's has 6 million shares of common stock outstanding, 2 million shares of preferred stock outstanding, and 10 thousand bonds. If the common shares are selling for $15 per share, the preferred shares are selling for $28 per share, and the bonds are selling for 109 percent of par, what would be the weight used for equity in the computation of Carrie D's WACC?

A) 33.33%
B) 57.36%
C) 61.64%
D) 75.00%