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Farcry induytries, a maker of teiecommunications equipment, has 2 million shares of common stock outstanding,...

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Finance

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Farcry induytries, a maker of teiecommunications equipment, has 2 million shares of common stock outstanding, 1 mition shares of peefered stock outatanding. and to,000 bonds. Suppose the common shares are selling for $25 per share, the preferred shares are seling for 313.50 per thare, and the bonds are seling for 97 percent of par. What weight thould you wse for debt in the computation of FarCry's WACC? (Round your answer to 2 decimal places.)

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