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Filer Manufacturing has 8,691,669 shares of common stock outstanding. The current share price is $75.47, and the book value per share is $3.02. Filer Manufacturing

Filer Manufacturing has 8,691,669 shares of common stock outstanding. The current share price is $75.47, and the book value per share is $3.02. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $70,001,261, has a 0.07 coupon, matures in 12 years and sells for 88 percent of par. The second issue has a face value of $77,393,439, has a 0.06 coupon, matures in 29 years, and sells for 86 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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