Tom and Jerry's has 3.2 million shares of common stock outstanding, 3.2 million shares of preferred stock outstanding, and 22.00 thousand bonds. If the common shares are selling for $14.20 per share, the preferred share are selling for $11.20 per share, and the bonds are selling for 99.88 percent of par, what would be the weight used for equity in the computation of Tom and Jerry's WACC?

a) 44.01%

b) 49.83%

c) 78.60%

c) 33.33%