Bird Enterprises has no debt. Its current total value is $50 million. Assume the company sells $19.9 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 company's tax rate is 25 percent. What is the debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Debt-equity ratio b. Debt-equity ratio