Question: Byrd Enterprises has no debt. Its current total value is $ 4 8 . 8 million. Assume the company sells $ 1 9 . 3

Byrd Enterprises has no debt. Its current total value is $48.8 million. Assume the company sells $19.3 million in debt.
Ignoring taxes, what is the debt-equity ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
Assume the companys tax rate is 24 percent. What is the debt-equity ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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