Judson Inc recently issued new securities to finance a new TV show. The project cost $146 million, and the company paid $785,000 in flotation costs. In addition, the equity issued had a flotation cost of 76% of the amount raised whereas the debt issued had a flotation cost of 36% of the amount raised If Judson issued new securities in the same proportion as its target capital structure, what is the company's target debt-equity ratio? (Do not round intermediate calculations. Round the final answer to 1 decimal places.) Debt-Equity ratio