Bill's Boards has 20.5 million shares of common stock outstanding, 4.5 million shares of preferred stock outstanding, and 25.00 thousand bonds. If the common shares are selling for $30.50 per share, the preferred shares are selling for $17.50 per share, and the bonds are selling for 95.95 percent of par, what would be the weight used for equity in the computation of Bill's WACC?