The publicly traded debt of a company was recently quoted at 85% of face value. The market value of the companys equity is $13,600,000. The book values of the companys debt and equity are $4,000,000 and $12,500,000, respectively. Assume you were calculating this company's WACC. For the capital structure weights, what debt financing weighting woud you use for this company?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39.

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