On December 31, 2016, Priestly Company purchased a controlling interest in Shelter Company for $1,060,000. The consolidated balance sheet on December 31, 2016 reported noncontrolling interest in Shelter Company of $265,000.

On the date of acquisition, the stockholders' equity section of Shelter Company's balance sheet was as follows:

Common stock	$520,000
Other contributed capital	380,000
Retained earnings	280,000
Total	1,180,000

Required:

Compute the noncontrolling interest percentage on December 31, 2016.