s Problem 11-11 Weight of Debt (LG11-4) FarCry Industries, a maker of telecommunications equipment, has 5 million shares of common stock outstanding, 2 million shares of preferred stock outstanding, and 20,000 bonds. Suppose the common shares are selling for $27 per share, the preferred shares are selling for $14.50 per share, and the bonds are selling for 98 percent of par. What weight should you use for debt in the computation of FarCry's WACC? (Round your answer to 2 decimal places.) Weight used %

FarCry Industries, a maker of telecommunications equipment, has 5 million shares of common stock outstanding. 2 million shares of preferred stock outstanding, and 20,000 bonds. Suppose the common shares are selling for $27 per share, the preferred shares are selling for $14.50 per share, and the bonds are selling for 98 percent of par, What weight should you use for debt in the computation of FarCry's WACC? (Round your answer to 2 decimal places.)