Saint Nick Enterprises has 16,500 shares of common stock outstanding at a price of $64 per share. The company has two bond issues outstanding. The first issue has 10 years to maturity, a par value of $1,000 per bond, and sells for 96.5 percent of par. The second issue matures in 24 years, has a par value of $2,000 per bond, and sells for 104 percent of par. The total face value of the first issue is $200,000, while the total face value of the second issue is $300,000. What is the capital structure weight of debt? 3235 .3688 .3953 I 2957 .1999