Vandelay Industries has 125,000 shares of common stock outstanding at a price of $43 a share. They also have 25,000 shares of preferred stock outstanding at a price of $55 a share. There are 10,000, 8% bonds outstanding that are priced at 99% of face value. The bonds mature in 16 years and pay interest semiannually. What is the capital structure weight of the preferred stock?