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arCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 1 0

arCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10,000 bonds. Suppose the common shares sell for $25 per share, the preferred shares sell for $13.50 per share, and the bonds sell for 97 percent of par.
What weight should you use for preferred stock in the computation of FarCrys WACC?
Note: Round your answer to 2 decimal places.

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