Aspen Resources Limited is a U.S. energy company with operations in oil and gas exploration and development (E\&P) and refining and marketing (R\&M). The marginal tax rate ( TC) is 40% and the market risk premum is 5%. The current 30 year, U.S. Treasury bond yied ia 28%, The target consolidated debt-to-value ratio, set in consultation among division and corporate executives and the board, is 30% (this is the firm's target for the proportion of net debt to enterprise value). Use net debt in your calculations (instead of total debt) consistently throughout the entire problem! Use the following data in order to calculate the prevailing consolidated debt-to-value ratio in * Enterprise value = market-value equity + net debt Problem 4/a. What is the prevailing consolidated debt-to-value ratio based on the table above? Answer format: Please enter your response using at least four decimals: for example, if your answer is 12.34% then please enter it as 0.1234