Bird Enterprises has no debt. Its current total value is $50.2 million. Assume the company sells $20 million in debt.
a.	Ignoring taxes, what is the debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.	Assume the companys tax rate is 21 percent. What is the debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)