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Phil's Carvings, Inc. wants to have a weighted average cost of capital of 6.5 percent. The firm has an aftertax cost of debt of 4.5

Phil's Carvings, Inc. wants to have a weighted average cost of capital of 6.5 percent. The firm has an aftertax cost of debt of 4.5 percent and a cost of equity of 9.0 percent. What debt-equity ratio is needed for the firm to achieve their targeted weighted average cost of capital? 1.25 1.80 0.62 0.80 2.25

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