McCann Catching, Inc. has 2.00 million shares of stock outstanding. The stock currently sells for $13.00 per share. The firm's debt is publicly traded and was recently quoted at 88.00% of face value. It has a total face value of $11.00 million, and it is currently priced to yield 9.00%. The risk free rate is 3.00% and the market risk premium is 8.00%. You've estimated that the firm has a beta of 1.19. The corporate tax rate is 37.00%. The firm is considering a $40.45 million expansion of their production facility. The project has the same risk as the firm overall and will earn $12.00 million per year for 8,00 years. Attempts Rom What is the percentage of equity used by McCann Catching, Inc.? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format