Penny Lane has $1$ million shares of common stock outstanding with a current market price per share of $$17.$ The firm has outstanding debt with a total market value of $$24,000,000.$ What capital structure welght would you use for debt when calculating the firm's WACC?

Multiple Choice

$0\mathrm{.}685$

$0\mathrm{.}415$

$0\mathrm{.}585$

$0\mathrm{.}635$