Question 2 (4 points) Suppose Lightning II Inc. has the following information, what is its weight of equity? It has a 40% corporate tax rate, its WACC is 12.59%, and is funded as follows. Equity has a return of 14% $19,000,000 debt with a 11% pre-tax cost of debt $32,000,000 preferred with a 13% cost of preferred a) $62 million Ob) $53 million Oc) $71 million d) $44 million Previous Page Next Page Page 2 of 26 4 C etv A w Ai x Oo MacBook Pro