(Capital Budgeting) You are given with the following information of two projects planned by your company.

Two projects are of the same initial costs with installment payment as $0.3 million per year at the beginning of each year.

Table 1: (in thousands)

Project	Year 1	Year 2	Year 3	Year 4	Year 5
A	650	1520	-650	-150	1650
B	580	-475	1200	-679	2250

Let the corporate income tax rate be 30%, the cost of debts be 6%, the cost of equity be 25% and there is no preferred stock issued by the firm. What is the debt-to-equity ratio for your company?