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10 points Binomial Tree Farm's financing includes $5.10 million of bank loans and $610 million book (face) value of 10 year bonds, which are seling

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10 points Binomial Tree Farm's financing includes $5.10 million of bank loans and $610 million book (face) value of 10 year bonds, which are seling at 80% of par value. Its common equity is shown in Binomial's Annual Report at $677. It has 510,000 shares of common stock outstanding which trade on the Wichita Stock Exchange at $15 per share. What debt ratio should Binomial use to calculate its WACC? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Market debt ratio 56 61 3

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