OMG Inc. has 5 million shares of common stock outstanding 4 million shares of preferred stock outstanding, and 6,000 bonds. Suppose the common shares sell for $16 per share, the preferred shares sell for $5 per share, and the bonds sell for 109 percents of par. What weight should you use for preferred stock in the computation of OMG's WACC (Round your answer to 2 decimal places.) = 0.3931 or 39.31% is wrong