Wemby's Catering has conventional debt of 30 million on its balance sheet and its pre-tax cost of debt is 9%. Its operating lease payments this year is 500 million and its lease commitments for the future are below. Assuming an Operating income of 80 million, a straight-line method with years as the life of the asset for calculating depreciation and a book value of equity of 1.5 billion, calculate Wemby's book Debt to Equity Ratio Year Commitment (in millions) 254 1 2 336 3 240 4 293 280 5 6 160 O 051 0.00 009 00:33