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 sell for $$19$ per share, the preferred shares sell for $$18$ per share, and the bonds sell for $108$ percent of par.

What weight should you use for preferred stock in the computation of OMG's WACC? $($Round your answer to $2$ decimal places.$)$

Weight used

$\%$