Bird Enterprises has no debt. Its current total value is $48.4 million. Assume the company sells $19.1 million in debt.     a. Ignoring taxes, what is the debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Assume the company’s tax rate is 22 percent. What is the debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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