Here I Sit Sofas has 7,800 shares of common stock outstanding at a price of $101 per share. There are 880 bonds that mature in 37 years with a coupon rate of 7.5 percent paid semiannually. The bonds have a par value of $2,000 each and sell at 112 percent of par. The company also has 6,700 shares of preferred stock outstanding at a price of $54 per share. What is the capital structure weight of the debt?