The statement of financial position as of December 31, 2024, for Crane 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 $36 million. (a) Crane has a cash balance of $20 million as of December 31, 2024. 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. 1.25:1.) Debt to equity :1 Net debt as a percentage of total capitalization :1