Last year Kendall Enterprises (KE) had earnings per share of $5 and dividends per share of $2. Total retained earnings increased by $12 million during the year, while book value per share at year-end was $40. KE has no preferred stock, and no new common stock was issued during the year. If its year-end total debt was $120 million, what was the company's total debt to total capital ratio? Note: answer is a percentage, enter only the number; for example if your calculation yields 0.5026, you should enter 50.26