The market value of a company's assets is currently $$22,300,000,$ and the company has a policy of paying out all of its cash flows from assets, after interest expenses, as dividends. The company believes that if the economy is strong this year, it will generate a cash flow of $$5,600,000$ and pay out dividends of $$4\mathrm{.}80$ per share. The company currently has $1,100,000$ shares of stock outstanding, and pays interest on its debt at a rate of $8\mathrm{.}5\%.$ What is the company's current debt$-$to$-$equity ratio?

A$.\mathrm{.}014$ or $1\mathrm{.}4\%$

B$.\mathrm{.}093$ or $9\mathrm{.}3\%$

C$.\mathrm{.}169$ or $16\mathrm{.}9\%$

D$.\mathrm{.}203$ or $20\mathrm{.}3\%$

E$.\mathrm{.}251$ or $25\mathrm{.}1\%$

Answer: D