Exam 03 (Scan & Upload works) Thanks! Question 28 4 pts SleepyFriday Inc. has a WACC of 10 percent. The company's cost of equity is 12 percent, and its pretax cost of debt is 5 percent. The tax rate is 30 percent. What is the company's target debt-equity ratio? Company's target Debt-Equity Ratio would be 0.2639 Company's target Debt-Equity Ratio would be 0.3077 Company's target Debt-Equity Ratio would be 0.1973 Company's target Debt-Equity Ratio would be 0.1379 Previous Next Not saved Submit