Last year, Arbor Corporation reported the following: Balance Sheet Total Assets $980,000 Total Liabilities. Total Shareholders' Equity 620,000 $360,000 This year, Arbor is considering whether to issue more debt to fund a $100,000 project or to issue additional shares of common stock Both options will bring in exactly $100,000. Arbor's current debt contracts contain a debt covenant that requires it to maintain a debt- to-equity ratio of 2.00 or less. Required: Return to question 2. Calculate Arbor's debt-to-equity ratio assuming it funds the project using additional debt. (Round your answer to 2 decimal places.) Debl-to-equity ratio 3. Calculate Arbor's debt-to-equity ratio assuming it funds the project by issuing common stock. (Round your answer to 2 decimal places.) Debt-to-equity ratio