Could whoever does the problem please explain it as well or at least show the work you did to complete the problem please. I would really appreciate it. Thank you.

Montclair Company is considering a project that will require a $510,000 loan. It presently has total liabilities of $215,000, and total assets of $625,000. 1. Compute Montclair's (a) present debt-to-equity ratio and (b) the debt-to-equity ratio assuming it borrows $510,000 to fund the project. Choose Numerator: I Choose Denominator: Debt-to-Equity Ratio