Luther Industries currently has the following balance sheet (in thousands of dollars): Luther is about to add a new fleet of delivery trucks. The price of the fleet is $1.5 million. If Luther acquires the new fleet of delivery trucks using a capital lease, Luther's Debt to Equity ratio will be closest to:

Group of answer choices

0.66

1.5

0.80

2.0

Assets Liabilities Cash $500 $4500 Debt Property, Plant, and Equipment $7000 $3000 Equity Total Debt plus Equity $7500 $7500 Total Assets