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FarCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10,000 bonds.
FarCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10,000 bonds. Suppose the common shares are selling for \\( \\$ 24 \\) per share, the preferred shares are selling for \\( \\$ 13.00 \\) per share, and the bonds are selling for 97 percent of par. What would be the weight used for equity in the computation of FarCry's WACC? Note: Round your answer to \\( \\mathbf{2} \\) decimal places
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