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show work Filer Manufacturing has 7,872,154 shares of common stock outstanding. The current share price is $62.32, and the book value per share is $9.8.

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Filer Manufacturing has 7,872,154 shares of common stock outstanding. The current share price is $62.32, and the book value per share is $9.8. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $51,779,905, has a 0.06 coupon, matures in 17 years and sells for 94 percent of par. The second issue has a face value of $74,929,324, has a 0.04 coupon, matures in 21 years, and sells for 91 percent of par. What is Filer's weight of equity on a market value basis? Enter the answer with 4 decimals (e.g. 0.2345)

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