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Tiggie s Dog Toys, Incorporated, reported a debt - to - equity ratio of 1 . 2 5 times at the end of the year.

Tiggies Dog Toys, Incorporated, reported a debt-to-equity ratio of 1.25 times at the end of the year. If the firms total assets at year-end were $32.50 million, how much of its assets are financed with debt and how much with equity?
Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 3 decimal places.

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