Sunstrand Incorporated has $157$ million shares of common stock priced at $$116,16$ million shares of preferred stock priced at $$50$ and $17$ million bonds priced at $$1075.$ What is the weight of common stock in Sunstrand's capital structure?

$($Express your answer as a percentage to two decimal places, $12\mathrm{.}34$ percent would be $12\mathrm{.}34,$ for example.$)$