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Fama's Llamas has a weighted average cost of capital of 9 . 7 percent. The company's cost of equity is 1 3 percent and its

Fama's Llamas has a weighted average cost of capital of 9.7 percent. The company's cost of equity is 13 percent and its pretax cost of debt is 7.2 percent The tax rate is 22 percent. What is the company's debt-equity ratio? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g.,32.1616.)Answer is complete but not entirely correct.
Debt-equity ratio

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