Exodus Limousine Company has $1,000 par value bonds outstanding at 11 percent interest. The bonds will mature in 40 years with annual payments.

If the current yield to maturity is 16 percent, what percent of the total bond value does the repayment of principal represent? (Round "PV Factor" to 3 decimal places. Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Principal repayment --------%