Tom and Jerry's has 3.7 million shares of common stock outstanding, 3.7 million shares of preferred stock outstanding, and 27.00 thousand bonds. If the common shares are selling for $14.70 per share, the preferred shares are selling for $11.70 per share, and the bonds are selling for 99.83 percent of par, what would be the weight used for equity in the computation of Tom and Jerry's WACC?
33.33%
49.82%
43.64%
77.43%