5 P14-11 Finding the Target Capital Structure [LO3] Fama's Llamas has a weighted average cost of capital of 11 percent. The company's cost of equity is 17 percent, and its pretax cost of debt is 9 percent. The tax rate is 34 percent. What is the company's target debt-equity ratio? (Do not round your intermediate calculations.) 2 points References Multiple Choice 1.1265 3 1.2332 1.1858 1.2451