Team Sports has 5.3 million shares of common stock outstanding, 3.3 million shares of preferred stock outstanding, and 33 thousand bonds. If the common shares are selling for $4.30 per share, the preferred shares are selling for $16.3 per share, and the bonds are selling for 98.87 percent of par, what would be the weight used for equity in the computation of Team's WACC?

20.87%

33.33%

61.39%

26.37%