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

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