Edgehill, Inc. has $120,000$ bonds outstanding. The bonds have a par value of $$2,000,$ a

coupon rate of $6\mathrm{.}7$ percent paid semiannually, and $8$ years to maturity. The current YTM

on the bonds is $7\mathrm{.}3$ percent. The company also has $11$ million shares of stock outstanding,

with a market price of $$18$ per share. What is the company's market value debt$-$equity

ratio? $($Do not round intermediate calculations and round your answer to $3$ decimal

places, e$.$g$.,32\mathrm{.}161.)$

Debt$-$equity ratio

times