Here I Sit Sofas has 7,000 shares of common stock outstanding at a price of $93 per share. There are 560 bonds that mature in 29 years with a coupon rate of 6.7 percent paid semiannually. The bonds have a par value of $2,000 each and sell at 108 percent of par. The company also has 5,900 shares of preferred stock outstanding at a price of $46 per share. What is the capital structure weight of the debt?