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You are considering an investment in Mandesa Inc. The firm finances its $38 million in assets with $26 million in equity and the remaining balance

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You are considering an investment in Mandesa Inc. The firm finances its $38 million in assets with $26 million in equity and the remaining balance in debt. Calculate the firm's debt ratio. (Round your answer to 2 decimal places and express in percentage form: x.xx%)

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