Weight of Debt:

Star Trek LLC has 8,000 bonds, two million shares of preferred stock outstanding and seven million shares of common stock outstanding. If the common shares are selling for $17 per share, the preferred shares are selling for $13 per share, and the bonds are selling for 105 percent of par, what weight (percentage) should be used for the calculation of the debt, for Star Treks WACC?

(Hint: To help you figure this out, after you have done your calculations, you can then use the following equation D/E+P+D to get your percentage of debt).