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Filer Manufacturing has 8,602,777 shares of common stock outstanding. The current share price is $31.95, and the book value per share is $8.71. Filer Manufacturing

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Filer Manufacturing has 8,602,777 shares of common stock outstanding. The current share price is $31.95, and the book value per share is $8.71. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $51,019,487, has a 0.08 coupon, matures in 21 years and sells for 93 percent of par. The second issue has a face value of $40,063,053, has a 0.06 coupon, matures in 15 yoars, and sells for 83 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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