Frusciante, Inc. has 120,000 bonds outstanding. The bonds have a par value of $2,000, a coupon rate of 6.7 percent paid semiannually, and 8 years to maturity. The current YTM on the bonds is 7.3 percent. The company also has 11 million shares of stock outstanding, with a market price of $18 per share. What is the companys market value debtequity ratio?