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OMG Incorporated has 5 million shares of common stock outstanding, 4 million shares of preferred stock outstanding, and 6 , 0 0 0 bonds. Suppose

OMG Incorporated has 5 million shares of common stock outstanding, 4 million shares of preferred stock outstanding, and 6,000 bonds. Suppose the common shares are selling for $30 per share, the preferred shares are selling for $29 per share, and the bonds are selling for 109 percent of par.
What weight should you use for debt in the computation of OMG's WACC?
Note: Round your answer to 2 decimal places.
Weight used
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