Here I Sit Sofas has 7,200 shares of common stock outstanding at a price of $95 per share. There are 640 bonds that mature in 31 years with a coupon rate of 6.9 percent paid semiannually. The bonds have a parvalue of $2,000 each and sell at 109 percent of par. The company also has 6,100 shares of preferred stock outstanding at a price of $48 per share. What is the capital structure weight of the debt?