Filer Manufacturing has 6,412,700 shares of common stock outstanding. The current share price is $34.17, and the book va

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Filer Manufacturing has 6,412,700 shares of common stockoutstanding. The current share price is $34.17, and the book valueper share is $6.5. Filer Manufacturing also has two bond issuesoutstanding. The first bond issue has a face value of $46,092,723,has a 0.09 coupon, matures in 17 years and sells for 100 percent ofpar. The second issue has a face value of $61,996,484, has a 0.05coupon, matures in 24 years, and sells for 85 percent ofpar. What is Filer's weight of equity on a market value basis?Enter the answer with 4 decimals (e.g. 0.2345)