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A firm has a target weighted average cost of capital (WACC) of 6.6 percent, an after- tax cost of debt of 4.6 percent, and

A firm has a target weighted average cost of capital (WACC) of 6.6 percent, an after- tax cost of debt of 4.6 percent, and a cost of equity of 10.2 percent. What debt/equity ratio does the firm need to achieve its target? Round your answer to 2 decimal places.

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