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A company has a current share price of $44 and a total of 19 million shares outstanding. The company currently has debt with a total

A company has a current share price of $44 and a total of 19 million shares outstanding. The company currently has debt with a total present value of $885 million.  These outstanding bonds are currently priced to yield 4.9% while quoting at 88.5% of total face value.  The company recently paid a dividend to common stock holders of $4.08 and anticipates growing the dividend at a constant rate of 6% per year indefinitely.  If the corporate tax rate is 30%, what is the weight(percent) of equity of Some Company?

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