A firm has two classes of securities; long-term bonds and common stock. The bonds have 16 years to maturity, a coupon rate of 7%, semi-anrual coupon payments, a yleld-to-maturity of 8.5%, and $277 milition of total par value. The stock has 53 million shares outstanding and a current market price of $28. When componting the WACC, what weight should the firm assign to its cost of debt? Enter your answer as a decimal and stiow two decirnal places