Below are selected financial data on DCB Industries Inc. The company currently has 10.15 billion shares outstanding and the share price is $19.50 per share. Assume that all cash and short-term investments are considered excess cash. In addition, assume that the market value of debt is equal to the book value of debt. Based on these data, what is the debt-to-enterprise value ratio of DCB? Select the closest one. Balance Sheet (in S-billions) Assets Liabilities Cash & Short-Term Investments $20.00 Accounts Payable Accounts Receivable $15.00 Short-Term Debt Inventory $20.00 Current Maturities of Long-Term Debt Other Current Assets $4.00 Other Current Liabilities Total Current Assets $59.00 Total Current Liabilities Property, Plant & Equipment $320.00 Long-Term Debt Less Accumulated Depreciation ($110.00) Capital Lease Obligations Net Property, Plant & Equipment $210.00 Total Debt $25.00 $20.00 $15.00 $18.00 $78.00 $85.00 $0.00 $85.00 Goodwill & Intangible Assets Other Long-Term Assets $10.00 Deferred Taxes ($10.00) $15.00 Other Long-Term Liabilities $17.00 Total Liabilities $170.00 Shareholders' Equity $124.00 $294.00 Total Liabilities and Shareholders' Equity $294.00 Total Assets 39.65% O II. 60.96% III. 44.35% IV. 33.57% OV. 79.32%