A firm has the following target capital structure with $14,165 of debt, $4,837 of preferred stock and $13,535 of equity. The after-tax cost of debt is 5.45%, the cost of preferred stock is 10.19% and the cost of common equity is 14.95%. 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