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 $25 per share, the preferred shares sell for $13.50 per share, and the bonds sell for 97 percent of par. What welght should you use for preferred stock In the computation of FarCry's WACC? Round your answer to 2 declmal places.) Weight used