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The share price of a European firm is 40 and the firm has 60,000 shares outstanding. The firm has 2.5 million of bonds outstanding which

The share price of a European firm is 40 and the firm has 60,000 shares outstanding. The firm has 2.5 million of bonds outstanding which are trading at 105 for a par value of 100. What weight should be used for equity in the calculation of its WACC? Express your answer as a percentage, rounded to 2 decimal places eg. 5.55, do not enter the % sign.

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