Equity

Airbnb: ABNB

ABNB

Share Price

$$239$

Shares Outstanding

$100,000,000$

Market Cap

$23,900,000,000$

Risk$-$free rate is $3\%$

Market risk premium is $4\%$

Corp tax rate is $24\%$

The company's stock beta: $1\mathrm{.}28$

Debt

AirBnb Public Debt

Face Value

$$5,000,000,000$

Market Value

$$4,700,000,000$

The company debt is currently priced to yield: $18\%$

Company debt is trading at $94\%$ of face value

The company's Tax Rate is $24\%$

WACC

Cost

Amount

Equity

$0\mathrm{.}081$

$$23,900,000,000$

Debt

$0\mathrm{.}137$

$$4,700,000,000$

Total

$$28,600,000,000$

WACC

Percent Equity

$\%$

Equity

What percent of Airbnb's capital is equity? Answer in three decimal places.