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Problem 12-10 Finding the Target Capital Structure [LO3] Cama's Llamas has a WACC of 9.6...

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Problem 12-10 Finding the Target Capital Structure [LO3] Cama's Llamas has a WACC of 9.6 percent. The company's cost of equity is 11 percent, and its pretax cost of debt is 6.9 percent. The tax rate is 24 percent. What is the company's target debt-equity ratio? Note: Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616

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