Suppose Tatco Carp. has a value of $155 milion if it continues to operate, but has outstanding debt of $166 million that is now due. If the firm declares bankruptoy, bankuptcy costs will equai $25 milion, and the remaining $130 millon wit go to crediors. Instead of decloring bankruptcy, managerent proposes to exchange the ferm's debt for a fraction of its equily in a workout. What is the mirimum fraction of the firm's equity that management would need to offor to creditors for the workoul to be successful? Tefco could offer ita credliors Wof the firm in a workout, (Round to ene decimal place.)