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Mountain Groves has an unlevered cost of capital of 12.8 percent, a cost of debt of 7.8 percent, and a tax rate of 34 percent.

Mountain Groves has an unlevered cost of capital of 12.8 percent, a cost of debt of 7.8 percent, and a tax rate of 34 percent. What is the target debt-equity ratio if the targeted cost of equity is 15.51 percent?

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