In its most recent financial statements Driver Enterprises reported total debt of $197 million and total assets of $558 million. In a footnote, Driver reported 11 years of future lease obligations averaging $48 million per year. The firm faces a cost of debt of 6%. Calculate the debt ratio for the company after incorporating the valuation of the lease obligations. Present your answer in percentage terms, rounded to one decimal places, e.g., 23.4\%