IZAX, Co. has the following items on its balance sheet. Liabilities and Equity $50,500 Debt $104,200 $295,900 $349,600 Equity Its net income this year is $20,000, and it pays dividends of $5,400. If it grows at its internal growth rate, what will its D/E ratio be next year? Assets Cash PPE The internal growth rate is %. (Round to two decimal places.)

IZAX, Co. has the following items on its balance sheet. Its net income this year is $20,000, and it pays dividends of $5,400. 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.)