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- 0.7807 - 1.6 - 0.7063 - 0.7732 - 0.7435 Fama's Llamas has a weighted average cost of capital of 11.5 percent. The company's cost

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- 0.7807

- 1.6

- 0.7063

- 0.7732

- 0.7435

Fama's Llamas has a weighted average cost of capital of 11.5 percent. The company's cost of equity is 15.5 percent, and its pretax cost of debt is 9 percent. The tax rate is 32 percent. What is the company's target debt-equity ratio? Multiple Choice 0.7807 1.6 0.7063 0.7732

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