Last year, Arbor Corporation reported the following: This year, Arbor is considering whether to issue more debt to fund a $100,000 project or to issue additional shares o common stock. Both options will bring in exactly $100,000. Arbor's current debt contracts contain a debt covenant y 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.)