Macho Iron Works was established 16 years ago. Four years later, the company went public. At that time, Fred Macho, the original owner, decided to establish two classes of stock. The first represents Class A founders stock and is entitled to 12 votes per share. The normally traded common stock, designated as Class B, is entitled to one vote per share. This year, Mr. I.M. Meek was considering purchasing shares in Macho Iron Work. While he knew founders shares were not present in many companies, he decided to buy the shares anyway because of a new high-technology melting process the company had developed.

Of the 1,900,000 total shares currently outstanding, the original founders family owns 52,725 shares.

Q: What is the percentage of the founders family votes compared to the Class B votes? (Round the final answer to 2 decimal places.)

Percentage of votes %