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Problem 1 1 - 2 1 WACC Weights ( LG 1 1 - 4 ) BetterPie Industries has 3 million shares of common stock outstanding,

Problem 11-21 WACC Weights (LG11-4)
BetterPie Industries has 3 million shares of common stock outstanding, 2 million shares
of preferred stock outstanding, and 10,000 bonds. Assume the common shares are
selling for $46 per share, the preferred shares are selling for $23.50 per share, and the
bonds are selling for 98 percent of par.
What would be the weights used in the calculation of BetterPie's WACC? (Do not round
intermediate calculations. Round your final answer to 2 decimal places.)
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