Further From Center has 10,300 shares of common stock outstanding at a price of $37 per share. It also has 220 shares of preferred stock outstanding at a price of $88 per share. There are 530 bonds outstanding that have a coupon rate of 5.6 percent paid semiannually. The bonds mature in 18 years, have a face value of $1,000, and sell at 93.5 percent of par. What is the capital structure weight of the preferred stock?