Here I Sit Sofas has 7,100 shares of common stock outstanding at a price of $94 per share. There are 600 bonds that mature in 30 years with a coupon rate of 6.8 percent paid semiannually. The bonds have a par value of $2,000 each and sell at 108.5 percent of par. The company also has 6,000 shares of preferred stock outstanding at a price of $47 per share. What is the capital structure weight of the debt?