Problem 11-12 Weight of Debt (LG11-4) 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 are selling for $25 per share, the preferred shares are selling for $24 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? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct Weight used 42.25 %