Binomial Tree Farms financing includes $5.60 million of bank loans and $6.60 million book (face) value of 10-year bonds, which are selling at 95% of par value. Its common equity is shown in Binomials Annual Report at $7.27. It has 560,000 shares of common stock outstanding which trade on the Wichita Stock Exchange at $20 per share. What debt ratio should Binomial use to calculate its WACC? (Round your answer to 2 decimal places.)

Market debt ratio =