FGH has a current share price of $44 and a total of 19 million shares outstanding. The company debt has a present value of $885 million. These outstanding bonds are currently priced to yield 4.9% while quoting at 88.5% of total face value. The company recently paid a dividend to common stock holders of $4.08 and anticipates growing the dividend at a constant rate of 6% per year indefinitely. If the corporate tax rate is 30%, what is the weight(percent) of the debt of FGH company?

Which one of the following is the correct answer?

50.70%

52.53%

48.58%

49.69%

54.75%

53.64%

51.42%