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Fraser Island Ferries has a WACC of 10%. The company's cost of equity is 15% and its cost of debt is 5%. The tax rate

Fraser Island Ferries has a WACC of 10%. The company's cost of equity is 15% and its cost of debt is 5%. The tax rate is 30%. What is the firm's target debt-equity ratio? (Assume a classical tax system.)

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