The statement of financial position as of December 31, 2024, for Pharoah Corporation follows: (all amounts in thousands) The company's management is evaluating a couple of options to finance the acquisition of new equipment with a cost of $38 million. (a) (b) Pharoah is considering borrowing $38 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. 1.25:1.) Debt to equity :1 Net debt as a percentage of total capitalization :1