1. A firm has two classes of securities: long-term bonds and common stock. The bonds have 16 years to maturity, a coupon rate of 8%, semi-annual coupon payments, a yield-to-maturity of 6.2%, and $759 million of total par value. The stock has 31 million shares outstanding and a current market price of $27. When computing the WACC, what weight should the firm assign to its cost of equity? Enter your answer as a decimal and show two decimal places.