You currently own 700 shares of JKL, Inc. JKL is currently an all equity that has 300,000 shares of stock outstanding at a market price of $25 a share. The company's earnings before interest and taxes are $1,500,000 JKL recently decided to issue $1,875,000 of debt at 5 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'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 5 percent interest