Fama's Llamas has a weighted average cost of capital of 11.5 percent. The company's cost of equity is 17.5 percent, and its pretax cost of debt is 8 percent. The tax rate is 31 percent. What is the company's target debt-equity ratio? (Do not round your intermediate calculations.)

1.0535

1.0435

0.9532

1.0033

1.7143