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.

$\%$