You work as a corporate finance analyst for Stones Limited, a large mining firm. You have been asked to calculate the WACC for the company.

To get started, you decide to first calculate the weights used in the WACC calculation. The total values of debt and equity from Stone's Limited latest annual report is $$370$ million and $$591$ million respectively. You have also worked out the current market value of its ordinary shares on issue are $$832$ million. The company's debt levels have not changed since its latest annual report.

Based on the information above, what is the weight for ordinary share equity $($we$)$ that would be used in the WACC calculation? $($Important: Please enter your answer to the nearest $10$th of a percent. For example, $10\mathrm{.}1\%$ should be entered in as $\mathrm{.}101)$

Answer: Question $21$