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Filer Manufacturing has 8,665,875 shares of common stock outstanding. The current share price is $50.05, and the book value per share is $8.54. Filer Manufacturing

Filer Manufacturing has 8,665,875 shares of common stock outstanding. The current share price is $50.05, and the book value per share is $8.54. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $74,814,852, has a 0.07 coupon, matures in 8 years and sells for 84 percent of par. The second issue has a face value of $57,579,276, has a 0.04 coupon, matures in 11 years, and sells for 90 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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