Dubon Inc. is considering the acquisition of the smaller Wells Co. Dubon has 4,750,000 shares outstanding that are currently selling for $47.85. The Wells Co. has 2,350,000 shares outstanding that are selling at $35.65. If Dubon offers the shareholders of the Wells Co. a number of shares based on the current share prices, what portion of the new firm will the Wells stockholders own after the transaction? (The answer is a percentage, round to two decimal places, e.g. 42.75)