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Edward Kwok wants to have a weighted average cost of capital of 10%. The firm has an after-tax cost of debt of 4% and the

Edward Kwok wants to have a weighted average cost of capital of 10%. The firm has an after-tax cost of debt of 4% and the cost of equity of 14%. What debt-equity ratio is needed for the firm to achieve its targeted weighted average cost of capital? Input your response as a fraction rounded to two decimal places

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