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QUESTION 3 In its most recent financial statements Driver Enterprises reported total debt of $1,357 and total assets of $3,336. Using footnote data and a

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QUESTION 3 In its most recent financial statements Driver Enterprises reported total debt of $1,357 and total assets of $3,336. Using footnote data and a discount rate of 6%, you have calculated the present value of its future lease obligations to be $1,053. What would be the debt ratio of the firm after incorporating the valuation of the lease obligations? Present your answer in percentage terms, rounded to two decimal places, e.g., 20.00%

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