b) After the covid-19 pandemic X Ltd is planning to expand their business by permanently moving to an online-based business model. As a part of the expansion strategy, they need to raise an additional 4 million and has the following financial structure. Equity Long-term Debts Short-term Debts Accounts payable Total 3,000,000 4,000,000 800,000 200,000 8,000,000 Calculate firm's interest-bearing debt ratio and debt ratio in its existing capital structure? (4 Marks) Click or tap here to enter text