Fama's Llamas has a weighted average cost of capital of $10\mathrm{.}3$ percent. The company's cost of equity is $12$ percent, and its pretax cost of debt is $8\mathrm{.}3$ percent. The tax rate is $38$ 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