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Agnew Aluminum has 5 million shares of outstanding common stock, one million shares of preferred stock, and 20 thousand bonds. If the firm's common stock

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Agnew Aluminum has 5 million shares of outstanding common stock, one million shares of preferred stock, and 20 thousand bonds. If the firm's common stock is selling for $28 per share, its preferred stock is selling for $13.50 per share, and its bonds are selling for 98 percent of par, what figure should one use for the weight of common equity capital in calculating Agnew Aluminum's weighted average cost of capital? Your

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