Eurogames Inc has a capital structure consisting only of credit and equity $($equity$).$ The company has issued bonds with a yield of $12\mathrm{.}2\%($ie kD $=12\mathrm{.}2\%).$ Now the dividend will be $$1\mathrm{.}90$ per share after $1$ year ie$.($D$1=$ $$1\mathrm{.}90/$share$).$

The market price per share, $($P$0),$ is now $$10\mathrm{.}20$ per share. Dividends are expected to grow by $2\mathrm{.}2\%$ per year, $($g $=2\mathrm{.}2\%),$ for the foreseeable future.

The company's tax rate is $20\%.$ Eurogames Inc. has estimated its weighted average cost of capital $($WACC$)$ to be $15\mathrm{.}5\%.$

How much of the company is equity financed $($ie what is wS$)?$