Byrd Enterprises has no debt. Its current total value is $$50\mathrm{.}4$ million. Assume the

company sells $$20\mathrm{.}1$ million in debt.

a$.$ Ignoring taxes, what is the debt$-$equity ratio?

Note: Do not round intermediate calculations and round your answer to $2$

decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ Assume the company's tax rate is $22$ percent. What is the debt$-$equity ratio?

Note: Do not round intermediate calculations and round your answer to $2$

decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is complete but not entirely correct.