Town Crier has 10.5 million shares of common stock outstanding, 2.5 million shares of preferred stock outstanding, and 15.00 thousand bonds. If the common shares are selling for $28.50 per share, the preferred shares are selling for $16.00 per share, and the bonds are selling for 96.95 percent of par, what would be the weight used for equity in the computation of Town Crier's WACC?

33.33%

66.67%

84.58%

80.68%