ABC Inc. has 1,172,000 common shares outstanding. The book value of the shares is $20,000,000. The stock price is $56.30. The company also has 645,000 preferred shares outstanding. The price of the preferred shares is $93.10 per share. The book value of the preferred shares is $22,000,000. The company also has 68,800 bonds outstanding with a face value of $1,000. The current value (price) of the bonds is $915. What proportion of the firm's assets are financed with preferred shares?