Town Crier has 10.4 million shares of common stock outstanding, 2.4 million shares of preferred stock outstanding and 14 thousand bonds. If the common shares are selling for $28.40 per share, the preferred share are selling for $15.90 per share, and the bonds are selling for 96.96 percent of par, what would be the weight used for equity in the computation of Town Criers WACC?

33.33%

85.10%

81.16%

66.67%