IZAX, Co. has the following items on its balance sheet. Assets Cash PPE Liabilities and Equity $51,600 Debt $346,100 Equity $101,100 $296,600 Its net income this year is $19,400, and it pays dividends of $4,500. If it grows at its internal growth rate, what will its D/E ratio be next year? The internal growth rate is/ %. (Round to two decimal places.)