McCann Catching, Inc. has 2.00 million shares of stock outstanding. The stock currently sells for $12.82 per share. The firm’s debt is publicly traded and was recently quoted at 91.00% of face value. It has a total face value of $19.00 million, and it is currently priced to yield 10.00%. The risk free rate is 3.00% and the market risk premium is 8.00%. You’ve estimated that the firm has a beta of 1.07. The corporate tax rate is 35.00%. The firm is considering a $41.09 million expansion of their production facility. The project has the same risk as the firm overall and will earn $12.00 million per year for 8.00 years. What is the percentage of equity used by McCann Catching, Inc.?