Saint Nick Enterprises has 18,700 shares of common stock outstanding at a price of $75 per share. The company has two bond issues outstanding. The first issue has 9 years to maturity, a par value of $2,000 per bond, and sells for 94.5 percent of par. The second issue matures in 23 years, has a par value of $1,000 per bond, and sells for 97.5 percent of par. The total face value of the first issue is $310,000, while the total face value of the second issue is $410,000. What is the capital structure weight of debt?