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A firm's cost of equity is 8.8 percent, expected return on the market is 13.8 percent, and the risk-free rate is 3.8 percent. Assume there

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A firm's cost of equity is 8.8 percent, expected return on the market is 13.8 percent, and the risk-free rate is 3.8 percent. Assume there is no preferred stock and the asset beta is .25 ? What is the firm's debt-equity ratio? (Do not round intermediate calculations. Round, if necessary, only the final answer to two decimal places)

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