AAA has 1,000,000 shares of common stock trading at $20.00 per share. The company''s debt consists of 2,000 $1,000 par value 10-year 7.0% annual coupon bonds with semiannual payments. Each bond trades for $1,200.00. The company also has 200,000 shares of preferred stock trading at $55.00 per share and paying an annual dividend of $4.00 per share. The company''s tax rate is 35.0%. Find the company''s market value weight of equity.