Deacon Corporation has provided the following financial data from its balance sheet and income statement:

	Year 2	Year 1
Total assets	$1,298,000	$1,232,000
Total liabilities	$610,000	$462,100
Total stockholders' equity	$734,400	$892,000
Net operating income (income before interest and taxes)	$69,903
Interest expense	$35,000

The company's debt-to-equity ratio at the end of Year 2 is closest to:

0.68

0.63

0.52

0.83