Duffy Enterprises has issued common stock, preferred stock, and debt to finance its operation. The table below shows financial information on the firm. 2018 Balance Sheet: $517,152.00 Interest bearing debt $40,478.00 Preferred stock $750,000.00 Shareholder equity Duffy has publicly traded common stock that has a capitalization currently of $1,503,612.00. An analyst has estimated that the cost of debt for Duffy is 7.00%, the cost of the preferred stock is 8.00%, and the cost of the common equity is 12.00%. Duffy has a marginal tax rate of 35.00%. What is the weight in common stock for Duffy? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))