Binomial Tree Farm's financing includes $7.1 million of bank loans. Its common equity is shown in Binomial's Annual Report at $6.87 million. It has 420,000 shares of common stock outstanding, which trade on the Wichit Stock Exchange at $16.30 per share. What debt ratio should Binomial use to calculate its WACC or asset beta? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Debt ratio