You are given the following information for LPC$.$ Assume the company's tax rate is $23$ percent. What is the weight of debt in LPC$\text{'}$s capital structure? Answer to four decimals, e$.$g$.0\mathrm{.}1234.$Debt: $6,7975\mathrm{.}5$ percent coupon bonds outstanding, $$1,000$ par value, $21$ years to maturity, selling for $103\mathrm{.}24$ percent of par; the bonds make semiannual payments.

Common stock: $425,945$ shares outstanding, selling for $$74\mathrm{.}69$ per share; beta is $1\mathrm{.}14.$

Preferred stock: $19,616$ shares of $3\mathrm{.}3$ percent preferred stock outstanding, a $$100$ par value, selling for $$77\mathrm{.}82$ per share.

Market: $5$ percent market risk premium and $4\mathrm{.}3$ percent risk$-$free rate.