Acme Manufacturing reports the following capital structure: long-term debt of $200; long-term leases of $150; convertible debt of $100; preferred stock $60; and common equity of $500. In its footnotes the company also reports $70 of stock options owned by its employees. Further research indicates that the market value of the long-term debt is 95% of its book value, the market value of the convertible debt is 110% of its book value (75% of this debt is debt-related with the remainder equity-related), the preferred stock is 125% of its book value, and the market value of the common equity is 200% of its book value. What should be the percentage (relative weight) of debt that should be included in WACC calculation? Please show all work in excel.