A company has 11,000 bonds with a 6 percent coupon outstanding, $1,000 par value, 15 years to maturity, selling for 107 percent of par value. These bonds make semiannual payments. The company has 555,000 shares of common stock outstanding, selling for $70 per share. The also has 40,000 shares of preferred stock outstanding and selling for $75 per share. The risk-free rate is 4 percent and the market risk premium is 6 percent. What is this company's capital structure weight for debt? Enter your answer as a decimal number (not as a percentage number) with 4 digits to the right of the decimal point in the box shown below. Your Answer: