You currently own $700$ shares of JKL$,$ Inc. JKL is currently an all equity that has $200,000$ shares of stock outstanding at a market price of $$50$ a share. The company's earnings before interest and taxes are $$2,000,000.$

JKL recently decided to issue $$1,000,000$ of debt at $6$ percent interest. This debt will be used to repurchase shares of stock. Ignore taxes and answer the following two questions:

Part A: What is JKL$\text{'}$s target debt to asset ratio?

$\%$

Part B: How many shares of JKL stock must you sell to undo the leverage? Assume that you can loan out those funds at $6$ percent interest.