Frusciante, Inc. has 195,000 bonds outstanding. The bonds have a par value of $2,000, a coupon rate of 6.2 percent paid semiannually, and 8 years to maturity. The current YTM on the bonds is 6.4 percent. The company also has 9 million shares of stock outstanding, with a market price of $32 per share. What is the company’s market value debt–equity ratio? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)