XL Corporation has debt with market value of $$104$ million, ordinary shares with a book value of $$105$ million, and preference shares

worth $$23$ million outstanding. Its ordinary shares trade at $$49$ each, and the firm has $6\mathrm{.}5$ million shares outstanding. What weights

should XL Corporation use in its WACC?

The debt weight for the WACC calculation is

$\%.($Round to two decimal places.$)$