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Glover Tools has a pre-tax cost of debt of 8% and an unlevered cost of capital of 11.5%. The firm's tax rate is 32% and

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Glover Tools has a pre-tax cost of debt of 8% and an unlevered cost of capital of 11.5%. The firm's tax rate is 32% and the cost of equity is 13%. What is the firm's debt-equity ratio? Express your answer in decimals

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