Binomial Tree Farm's financing includes $5.90 million of bank loans and $6.90 million book (face) value of 10 year bonds, which are selling at 95% of par value. Its common equity is shown in Binomial's Annual Report at $757 it has 590,000 shares of common stock outstanding which trade on the Wichita Stock Exchange at $23 per share. What debt ratio should Binomial use to calculate its WACC? (Round your answer to 2 decimal places.) Market debt ratio