In order to calculate WACC, the CFO of Tyco, Inc. needs to determine the company's component weights. The firm has no preferred stock outstanding, but its common stock is currently selling at $67.50. Tyco's balance sheet shows total long-term debt equals $500 million. It has 500,000 bonds outstanding and selling at $900. On Tyco's balance sheet Retained earnings equal $600 million and common stock equals $300 million. There are 20 million shares outstanding. What is Tyco's component weight of equity? Type your answer as a percentage