Famas Llamas has a weighted average cost of capital of 10.6 percent. The companys cost of equity is 14 percent, and its cost of debt is 8.6 percent. The tax rate is 38 percent. What is Famas debtequity ratio? (Do not round intermediate calculations and round your final answer to 4 decimal places. (e.g., 32.1616))

Debtequity ratio