Use the following data for the next question:

Debt: 52,000 bonds with a 5.0% coupon rate payable annually, 15 years to maturity, selling at $1,050 per bond.

Common stock: 711,000 shares of common stock outstanding. The stock sells for a price of $82 per share and has a beta of 0.83.

Preferred Stock: 104,000 preferred shares outstanding, currently trading at $58.96 per share; with an annual dividend payment of $8.35

Market: The market risk premium is 24% and the risk-free rate is 6%

Tax rate: 29%

What is the common stock (Re)? Answer as a percentage round to 2 decimals

a. 29.73%

b. 24.36%

c. 28.50%

d. 25.92%

e. 23.63%