Saint Nick Enterprise has 16,900 shares of common stock outstanding at a price of $66 per share. The company has two bonds issues outstanding. The first issue has 8 years to maturity, a par value of $1,000 per bond, and sells for 97.5 percent of par. The second issue matures in 22 years, has a par value of $2,000 per bond, and sells for 105 percent of par. The total face value of the first issue is $220,000, while the total face value of the second issue is $320,000. What is the capital structure weight of debt?