FarCry Industries, a maker of telecommunications equipment, has $26$ million shares of common stock outstanding, $1$ million shares of preferred stock outstanding, and $10$ thousand bonds. If the common shares sell for $$12$ per share, the preferred shares sell for $$114\mathrm{.}50$ per share, and the bonds sell for $98$ percent of par $($$$1,000),$ what weight should you use for preferred stock in the computation of FarCry's WACC?

Multiple Choice

$28\mathrm{.}52$ percent

$2751$ percent

$2624$ percent

$25\mathrm{.}01$ percent