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Famas Llamas has a WACC of 10.2 percent. The companys cost of equity is 13 percent, and its pretax cost of debt is 7 percent.

Famas Llamas has a WACC of 10.2 percent. The companys cost of equity is 13 percent, and its pretax cost of debt is 7 percent. The tax rate is 35 percent. What is the companys target debtequity ratio? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Debtequity ratio

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