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Could Use Help On Question. Thank You. Co Fama's Llamas has a weighted average cost of capital of 9.6 percent. The company's cost of equity

Could Use Help On Question. Thank You.image text in transcribedCo

Fama's Llamas has a weighted average cost of capital of 9.6 percent. The company's cost of equity is 11 percent, and its pretax cost of debt is 6.9 percent. The tax rate is 24 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., 32.1616.) Debt-equity ratio 0.3074(

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