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Filer Manufacturing has 4,588,879 shares of common stock outstanding. The current share price is $74.61, and the book value per share is $5.02. Filer Manufacturing

Filer Manufacturing has 4,588,879 shares of common stock outstanding. The current share price is $74.61, and the book value per share is $5.02. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $75,894,967, has a 0.07 coupon, matures in 12 years and sells for 89 percent of par. The second issue has a face value of $78,720,778, has a 0.04 coupon, matures in 11 years, and sells for 92 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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