Thompson enterprises is considering a new project that allow it to begin operations in the mid-western united states. Projected cash flows and relevant information regarding cost of capital are presented below

Year	1	2	3	4	5
CF	$ (100,000)	$ (60,000)	$ 30,000	$ 160,000	$ 200,000
Cost of Equity	12%
Cost of Debt	6%
Total Equity	$ 6,000,000
Total Debt	$ 2,000,000

What percentage of Thompson's total assets are financed with Debt?

Group of answer choices

71%

25%

29%

50%