Saint Nick Enterprises has 18,100 shares of common stock outstanding at a price of $72 per share. The company has two bond issues outstanding. The first issue has 10 years to maturity, a par value of $2,000 per bond, and sells for 103 percent of par. The second issue matures in 24 years, has a par value of $1,000 per bond, and sells for 108 percent of par. The total face value of the first issue is $280,000, while the total face value of the second issue is $380,000. What is the capital structure weight of debt?