The correct answer is 0.0217
Note:
Value of equity = 10400 * $ 38
Value of Debt = $ 1000* 94% *540
Value of Preferred Stock = 225 *$ 89
| Value ( Number * Price) | Weight (Respective/ Total) | |
| Preferred Stock | 20025 | 0.0217 |
| Equity | 395200 | 0.4283 |
| Debt | 507600 | 0.5501 |
| Total Value | 922825 | |
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