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The following data pertains to Xena Corp. Xena Corp. Total Assets $28,332 Interest-Bearing Debt (market value) $11,070 Average borrowing rate for debt 10.2% Common Equity:

The following data pertains to Xena Corp. Xena Corp. Total Assets $28,332 Interest-Bearing Debt (market value) $11,070 Average borrowing rate for debt 10.2% Common Equity: Book Value $7,380 Market Value $30,996 Marginal Income Tax Rate 44% Market Beta 1.73 Using the information from the table, determine the weight on equity capital that should be used to calculate Xena's weighted-average cost of capital: Select one: a. 78.7% b. 41.3% c. 73.7% d. 40.0%

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