Vera Loewenhaupt and Sons (VL&H") is a corporation with a vast empire in the manufacturing and trading of wickerware products. The firm has 530.0 million shares of ordinary equity outstanding that currently trade at a price of $2.73 each. It also finances itself through a significant amount of interest-only debt financing on which it pays coupons of 4.71% each year. The total face value of this debt is $3.597 billion. VL&H pays taxes at a marginal rate of 40.0% and the tax shields created by their debt can be assumed to carry the same risk as the debt itself. Aside from these taxes, Vera Loewenhaupt and Sons exists in a world that has no other capital market imperfections and where government bonds currently yield 4.12% per annum. A) Given the above information, what percentage equity financing does the firm uses in their capital structure? That is, what would be the weight of ordinary equity (ie. WE) that VL&H would use when calculating their weighted average cost of capita? Vera Loewenhaupt and Sons is financed by % equity (Round your answer to 2 decimal places)