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Gekko and Co.'s year-end balance sheet is shown below. Its stock price is $12.80 per share, and it has 650 shares outstanding. The firm's debt

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Gekko and Co.'s year-end balance sheet is shown below. Its stock price is $12.80 per share, and it has 650 shares outstanding. The firm's debt currently sells at par. Assets Liabilities and Equity Cash 100 Accounts receivable 25 Inventories 85 Long-term debt 450 Plant and equipment, net 1,500 Common equity 1,260 Total assets 1,710 Total liabilities and equity 1,710 What is the weight of common equity that should be used when computing WACC? Oa. 0.14 O b. 0.84 Oc. 0.74 O d. 0.26 Oe. 0.95

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