TB MC Qu. 11-72 FarCry Industries, a maker of telecommunications... FarCry Industries, a maker of telecommunications equipment, has 26 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10 thousand bonds. If the common shares sell for $12 per share, the preferred shares sell for $114.50 per share, and the bonds sell for 98 percent of par ($1,000), what weight should you use for preferred stock in the computation of FarCry's WACC?

Multiple Choice

28.52 percent

27.51 percent

26.24 percent

25.01 percent