that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. 2021 Balance Sheet (Millions of 5) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets $ 6,300 17,500 18,200 $ 42,000 28,000 $ 70,000 Labilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $ 22,491 13,209 5,000 $ 40,700 9,000 $ 49,700 4,263 16,037 $ 20,300 $ 70,000 Income Statement Millions of 3) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (2596) Net income 2021 5126,000 117.180 2,240 $ 6,580 840 $ 5,740 1,435 $ 4,305 Other data: Shares outstanding (millions 500.00 Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 9,000 $ 49,700 4,263 16,037 $ 20,300 $ 70,000 Income Statement (Millions of 5) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (259) Net income 2021 $126,000 117,180 2,240 $ 6,580 840 $ 5,740 1,435 $ 4,305 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of 5) $1,506.75 Int. rate on notes payable & L-T bonds 696 Federal plus state income tax rate Year-end stock price $103.32 What is the firm's total-debt-to-total-capital ratio? Do not round your intermediate calculations O a. 40.8296 25% b. 30.72% @ 20.00% O e d. 26.2496 e 59.18%