Fama's Llamas has a WACC of $8\mathrm{.}7$ percent. The company's cost of equity is $11$ percent, and

its pretax cost of debt is $7\mathrm{.}7$ percent. The tax rate is $21$ percent. What is the company's

target debt$-$equity ratio?

Note: Do not round intermediate calculations and round your answer to $4$ decimal

places, e$.$g$.,32\mathrm{.}1616.$

Debt$-$equity ratio