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Fama's Llamas has a WACC of 10.9%. The company's cost of equity is 14.4%, and its cost of debt is 8.3%. The tax rate is

Fama's Llamas has a WACC of 10.9%. The company's cost of equity is 14.4%, and its cost of debt is 8.3%. The tax rate is 38%. What is Fama's target debt-equity ratio?

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