Nesquik and Newton Have 75 000 Shares Outstanding

Nesquik and Newton have 75 000 shares outstanding.The stock is currently selling for $57 a share.The firm also has two bond issues outstanding.The first bond issue has a total face value of $500 000 and pays 8 per cent interest annually.This bond is selling at 102.4 per cent of face value.The second bond issue consists of 10 000 bonds which are selling for $990 each.These bonds pay 7 per cent interest annually and mature in 15 years.The cost of debt is 34 per cent.What is the capital structure weight of the firm's common stock?

A) 30.30 per cent
B) 33.33 per cent
C) 31.09 per cent
D) 29.11 per cent
E) 27.84 per cent