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what is the weight used? FarCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 mill preferred stock outstanding,

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what is the weight used?

FarCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 mill preferred stock outstanding, and 10,000 bonds. Suppose the common shares sell for $29 per share, the preferred sha $15.50 per share, and the bonds sell for 98 percent of par. What weight should you use for preferred stock in the computation of FarCry's WACC? (Round your answer to 2 deci Weight used

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