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Edwards Construction currently has debt outstanding with a market value of $95,000 and a cost of 9%. The company has EBIT of $8,550 that is

Edwards Construction currently has debt outstanding with a market value of $95,000 and a cost of 9%. The company has EBIT of $8,550 that is expected to continue in perpetuity. Assume there are no taxes.

What is the debt-to-value ratio?

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