last year, arbor corporation reported the following: balance sheet total assets $ 1,070,000 total liabilities 680,000 total shareholders' equity $ 390,000 this year, arbor is considering whether to issue more debt to fund a $100,000 project or to issue additional shares of common stock. both options will bring in exactly $100,000. arbor's current debt contracts contain a debt covenant that requires it to maintain a debt-to-equity ratio of 2.00 or less. required: 1. calculate arbor's current debt-to-equity ratio. (round your answer to 2 decimal places.) 2. calculate arbor's debt-to-equity ratio assuming it funds the project using additional debt. (round your answer to 2 decimal places.) 3. calculate arbor's debt-to-equity ratio assuming it funds the project by issuing common stock. (round your answer to 2 decimal places.)