Question: Bird Enterprises has no debt. Its current total value is $51 million. Assume the company sells $20.4 million in debt. a. Ignoring taxes, what is

Bird Enterprises has no debt. Its current total value is $51 million. Assume the company sells $20.4 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 company's tax rate is 25 percent. What is the debt-equity ratio?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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