Fama's Llamas has a WACC of 11 percent. The company's cost of equity is 14.6 percent, and its cost of debt is 8.2 percent. The tax rate is 30 percent. Required: What is Fama's target debt-equity ratio? (Do not round intermediate calculations. Round your answer to 4 decimal places (e.g. 32.1616).) Debt-equity ratio 1.46