Judson Inc, tecently issued new securities to finance a new TV show The project cost $13.7 million, and the company paid $695.000 In flotation costs. In addation, the equity issued had a fiotation cost of 67% of the amount raised, whereas the debt issued had a flotation cost of 27% of the amount roised if Judson issund new secuinties in the same proportion as its target capital structure, what is the company's target debt-equity ratio? (Do not round intermedinte calculetions. Round the finel onswer to 4 decimal places.) Dets-Equity ratio