CURELE X table2.3.png (783x297) Mail mikaila.whitaker@student X Zo.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fpost.blackboard.com%252Fwebapps Formation... Des Drivers Ed W Post University Blac... 22 https://my.post.edu... Rid Rho ode: Unit Saved He Problem 11-9 Weight of Equity (LG11-4) FarCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10,000 bonds. Suppose the common shares are selling for $28 per share, the preferred shares are selling for $15.00 per share, and the bonds are selling for 98 percent of par. What would be the weight used for equity in the computation of FarCry's WACC? (Round your answer to 2 decimal places.) Weight used 18.62%