Bill's Boards $($BB$)$ has $20$ million shares of common stock outstanding, $4$ million shares of preferred stock outstanding, and $20$ thousand bonds $($par value of $$1,000).$ If the common shares are selling for $$30$ per share, the preferred shares are selling for $$17$ per share, and the bonds are selling for $99\%$ of par, what would be the weight used for preferred stock in the computation of BB$\text{'}$s WACC?

Group of answer choices

$13\mathrm{.}00\%$

$9\mathrm{.}00\%$

$11\mathrm{.}20\%$

$9\mathrm{.}89\%$