Asume that you have been hired as a consultant by CGT, a major producer of chemicals and plastics, including plastic grocery bags, styrofoam cups, and fertiliaus, to estimate the firm's weighted average out of capital. The balance sheet and some other information are provided below. Ansta Current assets $38,000,000 Net plant, property, and equipment $101.000.000 Total assets $139.000.000 Liabilities and Equity Accounts payable $10,000,000 Accruals $9.000.000 Current liabilities $19,000,000 Long-term debt (40,000 bonds, $1,000 par value) $40.000.000 Total liabilities $59.000.000 Common stock (10,000,000 shares) $30,000,000 Retained earnings $50.000.000 Total shareholders' equity Total liabilities and shareholders' equity $80.000.000 $139.000.000 The stock is currently selling for $29.40 per share, and its noncallable $1,000.00 par value, 20-year, 11.00% bonds with semiannual payments are selling for $680.97. The beta is 0, the yield on a 6-month Treasury bill is 3.00%, and the yield on a 20-year Treasury bond is 5.00%. The required retam on the stock market is 13.00%, but the market has had an average annual return of 16.00% during the past 5 years The firm's tax rate is 25%. Which of the following is the best estimate for the weight of debt for use in calculating the WACC Do not round your intermediate calculations & 57.140 - 1158 4.50% 47.59