Answer:
52.32%
Explanation:
The computation of the weighatge of equity is shown below:
= Equity value ÷ Total firm value
where,
Equity value = 6,400,000 × $29.50 = $188,800,000
Preferred stock value = 5,400,000 × $31.4 = $169,560,000
Bonds value = 24,000 × $104.86 = $2,516,640
Total = $360,876,640
Now put these values to the above formula
So, the value would equal to
= $188,800,000 ÷ $360,876,640
= 52.32%
This is the answer but the same is not provided in the given options
