Judson Inc, recently issued new securities to finance a new TV show. The project cost $13.5 million, and the company puid $675,000 in flotation costs. In addition, the equity issued had a flotation cost of 6.5% of the amount raised, wheteas the debt issued had a flotation cost of 25% 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 onswer to 4 decimal ploces.) Debt-Equity ratio