What weight should you use to preferred stock

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OMG Inc. has 5 million shares of common stock outstanding, 4 million shares of preferred stock outstanding,. and 6,000 bonds. Suppose the common shares sell for $16 per share, the preferred shares sell for $15 per share, and the bonds sell for 109 percent of par. What weight should you use to preferred stock in the computation of OMG's WACC? (Round your answer to 2 decimal places.}This is wrong too. 0.1877, 0.3931 or 39.31 all three is wrong/ Can some one please give me the correct answer this is my third tried.

Reference no: EM131972556

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