Binomial Tree Farms financing includes $5.6 million of bank loans. Its common equity is shown in Binomials Annual Report at $6.73 million. It has 560,000 shares of common stock outstanding, which trade on the Wichita Stock Exchange at $17.60 per share. What debt ratio should Binomial use to calculate its WACC or asset beta?. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Debt ratio ____