Use the following information to complete Questions 8 12.

The following data pertains to Xena Corp.

Xena Corp.
Total Assets	$21,249
Interest-Bearing Debt (market value)	$11,070
Average borrowing rate for debt	10.2%
Common Equity:
Book Value	$5,535
Market Value	$23,247
Marginal Income Tax Rate	19%
Market Beta	1.64

Using the information from the table, determine the weight on debt capital that should be used to calculate Xena's weighted-average cost of capital.

		52.1%
		67.0%
		32.0%
		47.6%