Question: Charlies Computer Connection (CCC) has assets with a market value of $600 million including 60 million in cash. CCC also currently has debt of $200

Charlies Computer Connection (CCC) has assets with a market value of $600 million including 60 million in cash. CCC also currently has debt of $200 million and 20 million shares of stock outstanding. CCC is considering borrowing $50 million and repurchasing 5 million shares of stock. What will CCCs D/E ratio be after the transactions (round to 2 decimals)?

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