MV Corporation has debt with market value of

$ 101$101

million, common equity with a book value of

$ 98$98

million, and preferred stock worth

$ 21$21

million outstanding. Its common equity trades at

$ 55$55

per share, and the firm has

5.65.6

million shares outstanding. What weights should MV Corporation use in its WACC?

The debt weight for the WACC calculation is

? %.

(Round to two decimal places.)