american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) other debt repurchases 2014during the year ended december 31 , 2004 , in addition to the redemptions discussed above , the company repurchased in privately negotiated transactions an aggregate of $ 309.7 million face amount of its ati 12.25% ( 12.25 % ) notes ( $ 179.4 million accreted value , net of $ 14.7 million fair value allocated to warrants ) for approximately $ 230.9 million in cash ; repurchased $ 112.1 million principal amount of its 93 20448% ( 20448 % ) notes for $ 118.9 million in cash ; and repurchased $ 73.7 million principal amount of its 5.0% ( 5.0 % ) notes for approximately $ 73.3 million in cash . as a consequence of these transactions , the company recorded an aggregate charge of $ 66.4 million related to the write-off of deferred financing fees and amounts paid in excess of carrying value . such loss is reflected in loss on retirement of long-term obligations in the accompanying condensed consolidated statement of operations for the year ended december 31 , 2004 . 2.25% ( 2.25 % ) convertible notes repurchases 2014during the year ended december 31 , 2003 , the company repurchased an aggregate of $ 215.0 million accreted value ( $ 269.8 million face value ) of its 2.25% ( 2.25 % ) notes in exchange for an aggregate of 8415984 shares of class a common stock and $ 166.4 million in cash , including $ 84.2 million accreted value ( $ 104.9 million face amount ) of 2.25% ( 2.25 % ) notes repurchased in the company 2019s cash tender offer in october 2003 . the shares issued to noteholders included an aggregate of 6440636 shares of class a common stock issued to such holders in addition to the amounts issuable upon conversion of those notes as provided in the applicable indentures . the company made these repurchases pursuant to negotiated transactions with a limited number of note holders . as a consequence of these transactions , the company recorded charges of approximately $ 41.4 million during the year ended december 31 , 2003 , which primarily represent the fair market value of the shares of stock issued to the note holders in excess of the number of shares originally issuable upon conversion of the notes , as well as cash paid in excess of the related debt retired . these charges are included in loss on retirement of long-term obligations in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . capital lease obligations and notes payable 2014the company 2019s capital lease obligations and notes payable approximated $ 60.0 million and $ 58.7 million as of december 31 , 2004 and 2003 , respectively . these obligations bear interest at rates ranging from 7.9% ( 7.9 % ) to 12.0% ( 12.0 % ) and mature in periods ranging from less than one year to approximately seventy years . maturities 2014as of december 31 , 2004 , aggregate principal payments of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 .

Table: 2005 $ 138386 2006 42498 2007 332241 2008 561852 2009 205402 thereafter 2206476 total cash obligations 3486855 accreted value of original issue discount of the ati 12.25% ( 12.25 % ) notes -172909 ( 172909 ) accreted value of the related warrants -21588 ( 21588 ) accreted value of the discount and premium of 3.00% ( 3.00 % ) notes and 7.125% ( 7.125 % ) notes 1256 balance as of december 31 2004 $ 3293614

the holders of the company 2019s 5.0% ( 5.0 % ) notes have the right to require the company to repurchase their notes on specified dates prior to the maturity date in 2010 , but the company may pay the purchase price by issuing shares of class a common stock , subject to certain conditions . obligations with respect to the right of the holders to put the 5.0% ( 5.0 % ) notes have been included in the table above as if such notes mature the date on which the put rights become exercisable in 2007. .

Question: what percentage of total cash obligations are due in 2005?
Answer: 4%
Calculation: divide(138386, 3486855)