$4$

$10$

points

$q,$

Fama's Llamas has a weighted average cost of capital of $9\mathrm{.}5$ percent. The company's cost of equity is $14$ percent, and its pretax cost of debt is $6\mathrm{.}1$ percent. The tax rate is $25$ percent. What is the company's target debt$-$equity ratio? $($Do not round intermediate calculations and round your answer to $4$ decimal places, e$.$g$.,32\mathrm{.}1616.)$

Debt$-$equity ratio

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