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Mitchell Company's stock has 6 7 million shares outstanding and a current market price of $ 3 3 . Its bonds have $ 6 6

Mitchell Company's stock has 67 million shares outstanding and a current market price of $33. Its bonds have $667 million of total par value, 19 years to maturity, a coupon rate of 10%, semi-annual coupon payments, and yield-to-maturity of 5.7%. The firm has no other classes of securities. When computing the WACC, what weight should the firm assign to its cost of debt? Enter your answer as a decimal and show two decimal places.

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