Another has a current share price of $44 and a total of 19 million shares outstanding. The company currently has debt with a total face value of $885 million. These outstanding bonds are currently priced to yield 4.9% while quoting at 88.5% of total face value. The company recently paid a dividend to common stock holders of $4.08 and anticipates growing the dividend at a constant rate of 6% per year indefinitely. If the corporate tax rate is 30%, what is the weight(percent) of equity of Some Company?

45.88%

46.78%

48.58%

49.48%

51.42%

50.38%

47.68%