Binomial Tree Farm's financing includes $6.80 million of bank loans and $7.80 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 $8.47. It has 680,000 shares of common stock outstanding which trade on the Wichita Stock Exchange at $33 per share. What debt ratio should Binomial use to calculate its WACC? Note: Round your answer to 2 decimal places. Market debt ratio