Further From Center has 11,800 shares of common stock outstanding at a price of $52 per share. It also has 295 shares of preferred stock outstanding at a price of $94 per share. There are 340 bonds outstanding that have a coupon rate of 7.1 percent paid semiannually. The bonds mature in 33 years, have a face value of $2,000, and sell at 110 percent of par. What is the capital structure weight of the preferred stock?