Fama's Llamas has a weighted average cost of capital of $9\mathrm{.}9$ percent. The company's

cost of equity is $13$ percent, and its pretax cost of debt is $7\mathrm{.}9$ percent. The tax rate is $40$

percent. What is the company's target debt$-$equity ratio? $($Do not round intermediate

calculations and round your final answer to $4$ decimal places, e$.$g$.,32\mathrm{.}1616.)$

Debt$-$equity

ratio