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Sproul has 10,000,000 shares of common stock outstanding. 2,000,000 shares of preferred stock outstanding, and 10,000 bonds. If the common stock is selling for $38 per share, the preferred shares are selling for $15.50 per share, and the bonds are selling for 97% of par, what would be the weight of debt in Sproul's WACC? 2.20 percent 2.12 percent 2.31 percent 3.02 percent