A firm has a cost of debt of 8% a cost of equity of 11% and a cost of preferred stock of 6%. The firm has issued 98,000 shares of common stock and the market price per share is $16.50. There are 47,000 shares of preferred stock outstanding at a market price of $26.00 a share. The bond issue has a face value of $475,000 and a market quote of 102. The company's tax rate is 25% What is the weight of bond in the firm