Nesbitt Industries has 10,000,000 authorized shares of common stock. The CEO, Gil Hodges, owns 300,000 shares, and the COO, Betty Grable, owns 200,000 shares. There were no other outstanding shares, and all shares were fully vested. In the first round of funding, 200,000 newly-issued common shares were sold to Jayne Mansfield, an angel investor, for $1.80 per share. In the second round of funding, 400,000 newly-issued shares of common stock were sold to Greylock Partners, a venture capital firm, for$8.20 per share. Find out how much of the company Gil Hodges owns after the second round of funding. Please provide a percentage with three significant figures.