A firm has the following target capital structure with $10,472 of debt, $2,782 of preferred stock and $10,174 of equity. The after-tax cost of debt is 5.06%, the cost of preferred stock is 10.11% and the cost of common equity is 16.66%. The firm faces a tax rate of 40%. What will be the firms weight on equity capital?

(your answer should be in percentages so 10% would be entered as 10 or 10%)

hint: you need to first find the total amound of invested capital