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Debt to Capital Ratio Bartley Barstools has a market/book ratio equal to 1. Its stock price is $15 per share and it has 4.7 million

Debt to Capital Ratio

Bartley Barstools has a market/book ratio equal to 1. Its stock price is $15 per share and it has 4.7 million shares outstanding. The firms total capital is $125 million and it finances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places.

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