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Filer Manufacturing has 8,353,405 shares of common stock outstanding. The current share price is $34.52, and the book value per share is $4.9. Filer Manufacturing

Filer Manufacturing has 8,353,405 shares of common stock outstanding. The current share price is $34.52, and the book value per share is $4.9. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $53,214,214, has a 0.08 coupon, matures in 7 years and sells for 85 percent of par. The second issue has a face value of $57,031,791, has a 0.09 coupon, matures in 30 years, and sells for 89 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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