Solar Shades has 6.6 million shares of common stock outstanding, 5.6 million shares of preferred stock outstanding, and 26 thousand bonds. If the common shares are selling for $29.70 per share, the preferred share are selling for $31.60 per share, and the bonds are selling for 104.84 percent of par, what would be the weight used for common stock in the computation of Solar Shade's WACC?

66.67%

53.98%

33.33%

48.98%