FarCry 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 are selling for $$24$ per share, the preferred shares are selling for $$13\mathrm{.}00$ per share, and the bonds are selling for $97$ percent of par.

What would be the weight used for equity in the computation of FarCry's WACC?

Note: Round your answer to $2$ decimal places.

Answer is complete but not entirely correct.

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