(Adjusting a firm's capital structure) Curley's Fried Chicken Kitchen operates two southern cooking restaurants in St. Louis, Missouri, and has the following financial structure: : . The firm is considering an expansion that would involve raising an additional $2.4 million. a. What are the firm's debt ratio and interest-bearing debt ratio in its present capital structure? b. If the firm wants to have a debt ratio of 50 percent, how much equity does the firm need to raise in order to finance the expansion? Data table Accounts payable $116,000 Short-term debt 390,000 Current liabilities $506,000 Long-term debt 2,187,000 Owner's equity 1,523,000 Total $4,216,000 (Click on the icon in order to copy its contents into a spreadsheet.)