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Filer Manufacturing has 7 , 4 2 4 , 6 7 3 shares of common stock outstanding. The current share price is $ 5 5

Filer Manufacturing has 7,424,673 shares of common stock outstanding. The current share price is $55.22, and the book value per share is $8.82. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $43,788,018, has a 0.08 coupon, matures in 15 years and sells for 88 percent of par. The second issue has a face value of $67,243,621, has a 0.09 coupon, matures in 23 years, and sells for 90 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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