Question: Bird Enterprises has no debt. Its current total value is $49.6 million. Assume the company sells $19.7 million in debt. a. Ignoring taxes, what is

Bird Enterprises has no debt. Its current total value is $49.6 million. Assume the company sells $19.7 million in debt.
a. Ignoring taxes, what is the debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. Assume the companys tax rate is 23 percent. What is the debt-equity ratio?

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