Chunky Cheese Pizza has $$60\mathrm{.}1$ million in bonds payable. The bond agreement states that the debt to equity ratio cannot exceed $3\mathrm{.}03.$ Chunky$$s total assets are $$200\mathrm{.}1$ million, and its liabilities other than the bonds payable are $$90\mathrm{.}1$ million. The company is considering some additional financing through leasing. $1.$ Calculate total stockholders$$ equity using the balance sheet equation. $($Enter your answers in millions. $($i$.$e$.,$ $$5,500,000$ should be entered as $5\mathrm{.}5).)2.$ Calculate the debt to equity ratio. $($Enter your answers in millions $($i$.$e$.,$ $$5,500,000$ should be entered as $5\mathrm{.}5).$ Do not round intermediate calculations and round answers to $1$ decimal place.$)3.$ The company enters a lease agreement requiring lease payments with a present value of $$5\mathrm{.}1$ million. Record the lease. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Enter your answer in millions $($i$.$e$.,$ $$5,500,000$ should be entered as $5\mathrm{.}5)$ rounded to $1$ decimal place.$)$ The company enters a lease agreement requiring lease payments with a present value of $$5\mathrm{.}1$ million.

$4-$a$.$ Will entering into the lease cause the debt to equity ratio to be in violation of the bond agreement?

$4-$b$.$ Determine your answer by calculating the debt to equity ratio after recording the lease.