Highpark Industrial has a $500,000 bond issue outstanding that is selling at 96 % of face value. Highpark also has 6,500 shares of preferred stock and 22,000 shares of common stock outstanding. The preferred stock has a market price of $50 a share compared to a price of $35 a share for the common stock. What is the weight of the preferred stock as it relates to the firm's weighted average cost of capital? Multiple Choice 21% O 17% 13% 9% 26%