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Exercise 9-3 Compare operating and capital leases (LO9-3, 9-8) Coney Island enters into a lease agreement for a new ride valued at $3.2 million. Prior to this agreement, the companys total assets are $28.6 million and its total liabilities are $16.2 million Required: 1. Calculate total stockholders equity prior to the lease agreement. (Enter your answer in millions not in dollars, rounded to 2 decimal places. (i.e. $5,500,000 should be entered as 5.5).) Stockholders equi million 2. & 3. Calculate the debt to equity ratio assuming that it is an operating lease and then a capital lease: (Round your answers to 2 decimal places.) Operating Lease Capital Lease Debt to equity ratio

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