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 Projeted EPS Projected Stock Price

$20$ $$3\mathrm{.}10$ $$32\mathrm{.}25$

$303\mathrm{.}4535\mathrm{.}75$

$403\mathrm{.}8535\mathrm{.}50$

$503\mathrm{.}5532\mathrm{.}75$

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.

$\%$