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Filer Manufacturing has 6 , 9 8 6 , 0 8 3 shares of common stock outstanding. The current share price is $ 3 8

Filer Manufacturing has 6,986,083 shares of common stock outstanding. The current share price is $38.95, and the book value per share is $7.46. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $52,894,447, has a 0.08 coupon, matures in 6 years and sells for 88 percent of par. The second issue has a face value of $71,478,980, has a 0.05 coupon, matures in 29 years, and sells for 88 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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