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Fama's Llamas has a WACC of 9 percent. The company's cost of equity is 12 percent, and its pretax cost of debt is 5 percent.

Fama's Llamas has a WACC of 9 percent. The company's cost of equity is 12 percent, and its pretax cost of debt is 5 percent. The tax rate is 37 percent. What is the company's target debt-equity ratio? 0.37 0.95 0.70 0.51

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