Binomial Tree Farm's financing includes $6.20 million of bank loans and $7.20 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 $7.87. It has 620,000 shares of common stock outstanding which trade on the Wichita Stock Exchange at $26 per share. What debt ratio should Binomial use to calculate its WACC? Note: Round your answer to 2 decimal places