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A firm is considering a project and plan to obtain a target capital structure with $10,949 of debt at a before-tax cost of 9.6%, $99,984

A firm is considering a project and plan to obtain a target capital structure with $10,949 of debt at a before-tax cost of 9.6%, $99,984 of preferred stock at a cost of 10.7% and $39,177 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)

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