Binomial Tree Farm's financing includes $5.20 million of bank loans and $6.20 million book (face) value of 10-year bonds, which are selling at 90% of par value. Its common equity is shown in Binomial's Annual Report at $6.87. It has 520,000 shares of common stock outstanding which trade on the Wichita Stock Exchange at $16 per share. What debt ratio should Binomial use to calculate its WACC? (Round your answer to 2 decimal places.) Market debt ratio