A company has 70,000 shares of common stocks outstanding at a price of $45 a share. It also has 5,000 shares of preferred stock outstanding at the price of $56 a share. The firm has 7 percent, 20- years bonds outstanding with a total face value of $600,000. The bonds are currently quoted at 103.5 percent of face and pay interest semi-annually. What is the capital structure weight of the firms preferred stock if the tax rate is 40 percent?