The statement of financial position as of December 31, 2020, for Taube Corporation follows: (all amounts in thousands) Assets Current assets Non-current assets $66,000 109,000 Liabilities and Shareholders' Equity Current liabilities $25,000 Long-term liabilities 48,000 Shareholders' equity 102,000 Total liabilities and shareholders' equity $175,000 Total assets $175,000 The company's management is evaluating a couple of options to finance the acquisition of new equipment with a cost of $37 million. Taube has a cash balance of $22 million as of December 31, 2020. Determine the debt to equity ratio and net debt as a percentage of total capitalization ratio. Assume that only the company's long-term liabilities are interest bearing. (Round answers to 2 decimal places, eg. 1.25.) Debt to Equity :1 Net Debt as a Percentage of Total Capitalization :1 Taube is considering borrowing $37 million by taking out a six-year bank loan that carries 10% interest payable semi-annually. Determine the company's debt to equity and debt as a percentage of total capitalization ratios if it decides to borrow the money and purchase the equipment. (Round answers to 2 decimal places, e.g. 1.25.) Debt to Equity :1 Net Debt as a Percentage of Total Capitalization :1