21st Century Badger Corp. is expected to have free cash flow to equity next year (FCFE1) equal to $8 billion as well as free cash flow to firm next year (FCFF1) equal to $10 billion. The growth rate of both FCFE and FCFF is expected to be equal to 4% in perpetuity. The cost of equity for 21st Century Badger Corp. is 12% while their after-tax cost of debt is equal to 6%. The debt-to-equity ratio (D/E) of 21st Century Badger Corp.'s must be equal to: 1.00 2.00 O 0.50 0.33