Gecko & Co What Is Gecko's Capital Structure Weight for Equity?
A)0

Gecko & Co. uses the residual dividend model to set its dividends. Selected financial information for Gecko is provided in the table below. Selected Financial Information
Gecko & Co.
$$\begin{array} { | c | c | } \hline \text { Net income } & \$ 32 \text { million } \\\hline \text { Investments } & \$ 36.9314 \text { million } \\\hline \text { Dividends per Share } & \$ 0.40 \\\hline \text { Shares Outstanding } & 15.37 \text { million } \\\hline\end{array}$$ What is Gecko's capital structure weight for equity?

A) 0.30
B) 0.40
C) 0.50
D) 0.60
E) 0.70