ABC Inc has 133,600 common shares outstanding. The price per share is $49.29. The company has 63,200 preferred shares outstanding. The price per share is $91.54.

The company has 6,780 bonds outstanding. Each bond has a face value of $1,000 and each bond is currently selling for $895. The bonds have 15 years to maturity and a coupon rate of 5.4%. Coupons are paid annually.

The risk-free rate is 4.3%. The expected return on the market is 7.9%. The common stock has a beta of 1.65. The preferred shares just paid a dividend of $5.35 per share. Dividends are paid annually.

What percentage of the firm's assets is financed with debt? Your answer should be shown as a percentage and it should be accurate to two decimal places.