Fama's Llamas has a WACC of 10.1 percent. The company's cost of equity is 12.8...
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Fama's Llamas has a WACC of 10.1 percent. The company's cost of equity is 12.8 percent, and its cost of debt is 7.1 percent. The tax rate is 34 percent. Required: What is Fama's target debt-equity ratio? (Do not round intermediate calculations. Round your answer to 4 decimal places (e.g., 32.1616).)
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