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Suppose Lightning II Inc. has the following information, what is its weight of equity? It has a 40% corporate tax rate, its WACC is 12.59%,

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Suppose Lightning II Inc. has the following information, what is its weight of equity? It has a 40% corporate tax rate, its WACC is 12.59%, and is funded as follows. Equity has a return of 14% $19,000,000 debt with a 11% pre-tax cost of debt $32,000,000 preferred with a 13% cost of preferred a) $71 million b) $53 million Oc) $44 million d) $62 million

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