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Filer Manufacturing has 4,316,525 shares of common stock outstanding. The current share price is $31.28, and the book value per share is $7.14. Filer Manufacturing

Filer Manufacturing has 4,316,525 shares of common stock outstanding. The current share price is $31.28, and the book value per share is $7.14. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $54,135,309, has a 0.09 coupon, matures in 16 years and sells for 90 percent of par. The second issue has a face value of $72,291,831, has a 0.05 coupon, matures in 8 years, and sells for 82 percent of par. What is Filer's weight of debt on a market value basis? Enter the answer with 4 decimals (e.g. 0.2345)

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