Question: Three Piggies Enterprises has no debt. Its current total value is $72 million. Assume the company sells $33 million in debt. Ignoring taxes, what is

Three Piggies Enterprises has no debt. Its current total value is $72 million. Assume the company sells $33 million in debt. Ignoring taxes, what is the debtequity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Assume the companys tax rate is 32 percent. What is the debtequity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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