Town Crier has 6.0 million shares of common stock outstanding, 3.0 million shares of preferred stock outstanding, and 20.00 thousand bonds. If the common shares are selling for $29.10 per share, the preferred shares are selling for $16.50 per share, and the bonds are selling for 96.90 percent of par, what would be the weight used for equity in the computation of Town Crier's WACC?
66.67%
71.71%
66.52%
33.33%