Edgehill, Incorporated, has $125,000$ bonds outstanding. The bonds have a par value of

$$2,000,$ a coupon rate of $5\mathrm{.}7$ percent paid semiannually, and $14$ years to maturity. The

current YTM on the bonds is $6\mathrm{.}1$ percent. The company also has $9$ million shares of stock

outstanding, with a market price of $$24$ 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

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