Saint Nick Enterprises has 18,900 shares of common stock outstanding at a price of $76 per share. The company has two bond issues outstanding. The first issue has 8 years to maturity, a par value of $2,000 per bond, and sells for 95 percent of par. The second issue matures in 22 years, has a par value of $1,000 per bond, and sells for 97 percent of par. The total face value of the first issue is $320,000, while the total face value of the second issue is $420,000. What is the capital structure weight of debt?

.3034

.3765

.3312

.4030

.1897