Terrell Trucking Company is in the process of setting its target capital structure. The CFO believes that the optimal debt-to-capital ratio is somewhere between 20% and 50%, and her staff has compiled the following projections for EPS and the stock price at various debt levels:

Assuming that the firm uses only debt and common equity, what is Terrell's optimal capital structure? Choose from the options provided above. Round your answers to two decimal places.

% debt % equity

At what debt-to-capital ratio is the company's WACC minimized? Choose from the options provided above. Round your answer to two decimal places.

\begin{tabular}{ccc} Debt/Capital Ratio & Projected EPS & Projected Stock Price \\ \hline 20% & $3.05 & $33.25 \\ 30 & 3.65 & 36.00 \\ 40 & 3.85 & 38.00 \\ 50 & 3.50 & 33.75 \end{tabular}