Wave Shredder Inc. has capital in the form of debt and common equity. It can issue debt at rd = 11%, and its common stock last paid a dividend of $2.00 per share. The stock’s price is currently $24.75, its dividend is expected to grow at a constant rate of 7% per year, its tax rate is 35%, and its WACC is 13.95%. What percentage of the WS’s capital structure consists of equity (find the weight of equity)?