The FIN340 Company has the following capital structure: 17,950,000 shares of common stock outstanding which currently trade for $16.65 per share; 850,000 shares of preferred stock outstanding which currently trade for $8.90 per share; and 244,000 bonds outstanding which currently trade for 82% of par value (note: Par Value for each bond = $1,000) - what is the Common Stock Weighting within the company's total capital structure?

Possible answers:

41.00%

39.50%

60.50%

54.30%

59.90%

49.12%

59.00%