$10$

Occam Industrial Machines issued $105,000$ zero coupon bonds $5$ years ago. The bonds originally had $30$ years to maturity with a yield to maturity of $5\mathrm{.}9$ percent. Interest rates have recently decreased, and the bonds now have a yield to maturity of $5$ percent. The bonds have a par value of $$2,000$ and semiannual compounding. If the company has a $$74\mathrm{.}6$ million market value of equity, what weight should it use for debt when calculating the cost of capital?

Note: Do not round intermediate calculations and round your answer to $4$ decimal places, e$.$g$.,1616.$

$00$:$50$:$07$

Weight of debt