Solar Shades Has 8 Million Shares of Common Stock Outstanding

Multiple Choice

Solar Shades has 8 million shares of common stock outstanding, 4 million shares of preferred stock outstanding, and 10 thousand bonds. If the common shares are selling for $13 per share, the preferred shares are selling for $30 per share, and the bonds are selling for 105 percent of par, what would be the weight used for equity in the computation of Solar Shades' WACC?

A) 33.33%
B) 44.35%
C) 46.42%
D) 66.61%