Problem:

Team Sports has 4 million shares of common stock outstanding, 2 million shares of preferred stock outstanding, and 20 thousand bonds ($1,000 par).

Required:

If the common shares are selling for $5 per share, the preferred share are selling for $20 per share, and the bonds are selling for 99 percent of par, what would be the weight used for equity in the computation of Team's WACC?

Note: Please show the work not just the answer.