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

What weight should you use for preferred stock in the computation of FarCry$$s WACC?

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