Binomial Tree Farm's financing includes $5.50 million of bank loans and $6.50 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 $7.17. It has 550,000 shares of common stock outstanding which trade on the Wichita Stock Exchange at $19 per share. What debt ratio should Binomial use to calculate its WACC? Note: Round your answer to 2 decimal places. Market debt ratio