Binomial Tree Farm's financing includes $6.70 million of bank loans and $7.70 million book (face) value of 10-year bonds, which are selling at 90% of par value. Its common equity Is shown in Binomial's Annual Report at $8.37. It has 670,000 shares of common stock outstanding which trade on the Wichlta Stock Exchange at $32 per share. What debt ratio should Binomial use to calculate Its WACC? (Round your answer to 2 decimal places.)