Binomial Tree Farm's financing includes $6.60 million of bank loans and $7.60 million book (face) value of 10 -year bonds. which are selling at 80% of par value. Its common equity is shown in Binomial's Annual Report at $8.27. It has 660,000 shares of common stock outstanding which trade on the Wichits Stock Exchange at $31 per share. What debt ratio should Binomial use to calculate its WACC? (Round your answer to 2 decimal places.)