The statement of financial position as of December 31, 2020, for Taube Corporation follows: (all amounts in thousands) Assets Current assets Non-current assets Total assets $59,000 90,000 $149,000 Liabilities and Shareholders' Equity Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $26,000 45,000 78,000 $149,000 The company's management is evaluating a couple of options to finance the acquisition of new equipment with a cost of $35 million. Taube has a cash balance of $21 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, e.g. 1.25.) Debt to Equity Net Debt as a Percentage of Total Capitalization 0.91 :1 0.37 :1 Taube is considering borrowing $35 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 Net Debt as a Percentage of Total Capitalization 1.36 :1 0.51 :1 As an alternative to the bank loan, management is considering issuing $35 million six-year bonds. The bonds pay 3% interest semi- annually and would be issued at 90.61 to yield 8%. Determine the company's long-term debt to equity and debt as a percentage of total capitalization ratios if it decides to borrow money using bonds and purchase the equipment. (Round answers to 2 decimal places, e.g. 1.25.) Debt to Equity Net Debt as a Percentage of Total Capitalization 1.36 0.51 :1 :1