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hree Piggies Enterprises has no debt. Its current total value is $70.4 million. Assume the company sells $32.2 millionin debt. Ignoring taxes, what is the

hree Piggies Enterprises has no debt. Its current total value is $70.4 million. Assume the company sells $32.2 millionin debt.

Ignoring taxes, what is the debtequity ratio?

Assume the companys tax rate is 38 percent. What is the debtequity ratio?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Debtequity ratio

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