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.

$\%$