Town Crier has 10.6 million shares of common stock outstanding, 2.6 million shares of preferred stock outstanding, and 16.00 thousand bonds. If the common shares are selling for $28.60 per share, the preferred share are selling for $16.10 per share, and the bonds are selling for 96.94 percent of par, what would be the weight used for common stock in the computation of Town Crier's WACC?

66.67%

33.33%

80.21%

84.09%