Fama's Llamas has a weighted average cost of capital of $10$ percent. The company's cost

of equity is $14$ percent, and its pretax cost of debt is $8$ 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