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Filer Manufacturing has 9500000 shares of common stock outstanding. The current share price is $22.70, and the book value per share is $4.87. Filer Manufacturing

Filer Manufacturing has 9500000 shares of common stock outstanding. The current share price is $22.70, and the book value per share is $4.87. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $68000000, has a 0.05 coupon, matures in 8 years and sells for 88 percent of par. The second issue has a face value of $78000000, has a 0.04 coupon, matures in 12 years, and sells for 98 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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