Cookies $\text{'}$n Cream, Incorporated, recently issued new securities to finance a new TV show. The project cost $$14\mathrm{.}1$ million and the company paid $$735,000$ in flotation costs. In addition, the equity issued had a flotation cost of $7\mathrm{.}1$ percent of the amount raised, whereas the debt issued had a flotation cost of $3\mathrm{.}1$ percent of the amount raised. If the company issued new securities in the same proportion as its target capital structure, what is the company's target debt$-$equity ratio? $($Do not round intermediate calculations and round your answer to $4$ decimal places, e$.$g$.,32\mathrm{.}1616.)$

Debt$-$equity ratio