Question 16 Ozart Industries is a national laundry business. The company has 1 milion shares of common stock outstanding. 150,000 shares of preferred stock outstanding, and 200,000 bonds outstanding the common stock currently sells for S56 a share and has a bita of 137. The preferred stock sells for $178 a share and pays a dividend of 54.30 every year. The bonds have a coupon ratio of 425, ma seminal payments, have 9 years to maturly, and sel for $990. Looking at the company's market value capital structure, what is the company's weight of debt? Input your answer as a percentope rounded to two decimal places but do not include the sign