Further From Center has 11,700 shares of common stock outstanding at a price of $51 per share. It also has 290 shares of preferred stock outstanding at a price of $93 per share. There are 330 bonds outstanding that have a coupon rate of 7 percent paid semiannually. The bonds mature in 32 years, have a face value of $2,000, and sell at 109.5 percent of par. What is the capital structure weight of the preferred stock?