OMG Inc. has 4 million shares of common stock outstanding, 3 million shares of preferred stock outstanding, and 5,000 bonds. Suppose the common shares are selling for $16 per share, the preferred shares are selling for $25 per share, and the bonds are selling for 109 percent of par. What would be the weight used for equity in the computation of OMG's WACC? (Round your answer to 2 decimal places.) Weight used