Jackie's Sound Systems has 42800 shares of ordinary equity outstanding at a market price of 20.8 a share. Next year, JSS will pay an annual dividend in the amount of 0.76 per share. The dividend growth rate is estimated to be 1.2%. JSS also has 6,000 bonds outstanding with a face value of 1,000 per bond. The bonds carry a 7 % coupon, pay interest annually, and mature in 4.89 years. The bonds are selling at 96% of face value. The company's tax rate is 19%

What proportion of JSS is funded by equity?