you are given the following information concerning around town tours Co, which is a publicly traded company. The tax rate is 34%.

common stock: 284,000 shares outstanding, selling for $68 per share.

preferred stock: 9000 shares outstanding, currently selling for $88 per share, dividend is eight dollars per share.

death: total market value of day is $7,342,500.

what is the weight of debt?

a.2.89%

b. 26.75%

c. 70.54%

d. 3.70%