A&J Movers has 40,000 shares of common stock outstanding at a price of $34 a share. It also has 4,000 shares of preferred stock outstanding at a price of $58 a share. The firm has also 500 bonds outstanding with a $1,000 face value and 12 years left to maturity. The bonds are currently quoted at $960 and pay interest semiannually. What is the capital structure weight of the firm’s debt?