Last year, Arbor Corporation reported the following Balance Sheet Total Assets Total Liabilities Total Shareholders' Equity $1,100,000 700,000 488,888 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: 1. Calculate Arbor's current debt-to-equity ratio. (Round your answer to 2 decimal places.) Curre debt-to-equity radio 2. Calculate Arbor's debt to equity ratio assuming it funds the project using additional debt (Round your answer to 2 decimal places.) Duty 3. Calculate Arbor's debt to equity ratio assumingit funds the project by issuing common stock (Round your answer to 2 decimal places)