Judson Inc. recently issued new securities to finance a new TV show. The project cost $$13\mathrm{.}6$ million, and the company paid $$685,000$

in flotation costs. In addition, the equity issued had a flotation cost of $6\mathrm{.}6\%$ of the amount raised, whereas the debt issued had a

flotation cost of $2\mathrm{.}6\%$ 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 $4$ decimal places.$)$

Debt$-$Equity ratio

$0\mathrm{.}8885$