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Sunny Co has 60 mln. shares outstanding and its share trades at 40, with a market-to-book ratio of 3.8. Sunny Co has also 150 mln.

Sunny Co has 60 mln. shares outstanding and its share trades at 40, with a market-to-book ratio of 3.8. Sunny Co has also 150 mln. in outstanding debt, 82 mln. in current assets and 25 mln. in net income. The (book) debt-to-equity ratio is (use only the figures required):

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