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Connect Only Problem 1 1 - 6 Weight of Debt ( LG 1 1 - 4 ) OMG Incorporated has 7 million shares of common

Connect Only Problem 11-6 Weight of Debt (LG11-4) OMG Incorporated has 7 million shares of common stock outstanding, 5 million shares of preferred stock outstanding, and 4,000 bonds. Suppose the common shares are selling for $27 per share, the preferred shares are selling for $26 per share, and the bonds are selling for 108 percent of par. What weight should you use for debt in the computation of OMGs WACC? Note: Round your answer to 2 decimal places

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