225 McCann Catching, Inc. has 3.00 million shares of stock outstanding. The stock currently sells for $12,98 per share. The firm's debt is publicly traded and was recently quoted at 90,00% of face value. It has a total face value of $18,00 million, and it is currently priced to yield 9.00%. The risk free rate is 200% and the market risk premium is 8.00%. You've estimated that the firm has a beta of 1.17. The corporate tax rate is 35.00%. The firm is considering a $44.96 million expansion of their production facility. The project has the same risk as the firm overall and will earn $12.00 million per year for 6.00 years What is the percentage of equity used by McCann Catching, Inc.? Submit Answer format: Percentage Round to2 decimal places (Example: 9 24%, % sign required Will accept decimal format rounded to 4 decimal places (ex: 0.0924))