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McGregor Inc. has a market/book ratio equal to 1. Its stock price is $18 per share and it has 8 million shares outstanding. The firms

McGregor Inc. has a market/book ratio equal to 1. Its stock price is $18 per share and it has 8 million shares outstanding. The firms total capital is $200 million and it finances with only debt and common equity. What is its total debt-to-capital ratio?

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