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:

Debt$/$Capital Ratio

Projected EPS

Projected Stock Price

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.