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Filer Manufacturing has 5,398,050 shares of common stock outstanding. The current share price is $40.35, and the book value per share is $4.08. Filer Manufacturing

Filer Manufacturing has 5,398,050 shares of common stock outstanding. The current share price is $40.35, and the book value per share is $4.08. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $46,317,264, has a 0.05 coupon, matures in 13 years and sells for 89 percent of par. The second issue has a face value of $46,566,268, has a 0.09 coupon, matures in 21 years, and sells for 96 percent of par. What is Filer's weight of equity on a market value basis? Enter the answer with 4 decimals (e.g. 0.2345)

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