A firm is considering a project and plan to obtain a target capital structure with $66,148 of debt at a before-tax cost of 9.6%, $29,243 of preferred stock at a cost of 10.7% and $12,457 of equity at a cost of 13.5%. The firm faces a tax rate of 40%. What will be the firms weight on debt capital? (your answer should be in percentages so 10% would be entered as 10)

A firm is considering a project and plan to obtain a target capital structure with $66,148 of debt at a before-tax cost of 9.6%, $29,243 of preferred stock at a cost of 10.7% and $12,457 of equity at a cost of 13.5%. The firm faces a tax rate of 40%. What will be the firm's weight on debt capital? (your answer should be in percentages so 10% would be entered as 10)