Question: Please help show work Binomial Tree Farm's nancing includes $5.5 million of bank loans. Its common equity is shown in Binomial's Annual Report at $632

Please help show work

Binomial Tree Farm's nancing includes $5.5 million of bank loans. Its common equity is shown in Binomial's Annual Report at $632 million. It has 550,000 shares of common stock outstanding. which trade on the Wichita Stock Exchange at $1150 per share. What debt ratio should Binomial use to calculate its WACC or asset beta?. [Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places} new _m

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