Nelson's Landscaping has $1,200$ bonds outstanding that are selling for $$990$ each.

The company also has $2,500$ shares of preferred stock $($par $=$$$25)$ at a market price

of $$28$ a share. The common stock is priced at $$37$ a share and there are $28,000$

shares outstanding. What is the weight of the common stock as it relates to the

firm's weighted average cost of capital $($WACC$)?$

$43\mathrm{.}08$ percent

$45\mathrm{.}16$ percent

$47\mathrm{.}11$ percent

$54\mathrm{.}00$ percent

$55\mathrm{.}45$ percent