Judson Inc. recently issued new securities to finance a new TV show. The project cost $13.8 million, and the company paid $705,000 in flotation costs. In addition, the equity issued had a flotation cost of 6.8% of the amount raised, whereas the debt issued had a flotation cost of 28% 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 intermediote calculations. Round the final onswer to 4 decimal places.) Debt-Equity ratio