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​(Calculating capital structure​ weights) Winchell Investment Advisors is evaluating the capital structure of Ojai Foods. ​...

​(Calculating capital structure​ weights) Winchell Investment Advisors is evaluating the capital structure of Ojai Foods. ​ Ojai's balance sheet indicates that the firm has ​$ 51.33 million in total liabilities. Ojai has only ​$ 41.25 million in​ short- and​ long-term debt on its balance sheet. ​ However, because interest rates have fallen dramatically since the debt was​ issued, Ojai's​ short- and​ long-term debt has a current market price that is 10 percent over its book value or ​$ 45.38 million. The book value of​ Ojai's common equity is ​$ 49.54 million but the market value of the equity is currently ​$100.64 million.

What is​ Ojai's debt-to-enterprise-value ratio calculated using the market values of the​ firm's debt and equity and assuming excess cash is​ zero?  ​(Round to one decimal​ place.)

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