Suppose that Davis Corp has 24 million shares of common stock outstanding. The current market price per share is $20.44. Davis Corp has outstanding debt With a par (or face) value of $143.9 million selling at 98% of its par value. What capital structure weight would you use for equity when calculating the WacC of Davis Corp? 70.67% weight on equity 77.22% weight on equity 77.678 weight on equity 71.25 weight on equity