Saint Nick Enterprises has 17,300 shares of common stock outstanding at a price of $68 per share. The company has two bond issues outstanding. The first issue has 6 years to maturity, a par value of $1,000 per bond, and sells for 101 percent of par. The second issue matures in 20 years, has a par value of $2,000 per bond, and sells for 106 percent of par. The total face value of the first issue is $240,000, while the total face value of the second issue is $340,000. What is the capital structure weight of debt?