Furniture Fashions has 950,000 shares of common stock outstanding at a market price of $39 a share. The company also has 40,000 bonds outstanding that are quoted at 108 percent of their $1,000 face value. In computing the firm's weighted average cost of capital, what weight should be used on the after-tax cost of the debt?

(round answer to whole number with one decimal point: i.e., use 15.2 percent instead of 0.1523)