Watson's Automotive has a $400,000 bond issue outstanding that is selling at 110 percent of face value. Watson's also has 21,000 shares of common stock outstanding with a market price of $ 21 a share. What is the weight of the debt as it relates to the firm's weighted average cost of capital? Select one: O a. 40 percent b. 50 percent O c. 48 percent O d. 42 percent O e. 46 percent