Neal Enterprises has no debt. Its current total value is $77.2 million. Assume the company sells $35.6 million in debt.

Neal Enterprises has no debt. Its current total value is $77.2 million. Assume the company sells $35.6 million in debt. Requirement 1: lgnoring taxes, what is the debt-equity ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Debt-equity ratio Requirement 2: Assume the company's tax rate is 34 percent. What is the debt-equity ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Debt-equity ratio