130 Ramblin Wreck is a firm specializing in engineering components. The firm is publicly traded and is considering the following project The project will last 5.00 years with an annual cash flow of $40.00 million. The project will require an initial investment of $140 00 milion The firm must determine the cost of capital to evaluate the project. (The project is within the firm's normal activities) Ramblin Wreck, Inc. Financial Data STOCK DATA: BOND DATA: $924.00 Current Price Per Share $27.00 Current Price Per Bond 20,000.00 # of Shares 200 million Wof bonds 9.00% Book Value $50 million Annual Coupon Rate Face Value Per Bond $1.000 Maturity 10 years The risk free rate in the economy is currently 2,00%, while investors have a market risk premium of 7.00% Ramblin Wreck Inc. has a bela of 1.44. The tax rate is 39.00% What is the weight in debt for the project? Submit Answer format: Percentage Round to 2 decimal places (Example: 9 24% % sign required Will accept decimal format rounded to 4 deoimar places (ex 0.0924)