Three Piggies Enterprises has no debt. Its current total value is $76.4 million. Assume the company sells $35.2 million in debt.

Ignoring taxes, what is the debtequity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Debtequity ratio

Assume the companys tax rate is 36 percent. What is the debtequity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Debtequity ratio