Phil's Carvings, Inc. wants to have a weighted average cost of capital of 9.3 percent. The firm has an aftertax cost of debt of 5.5 percent and a cost of equity of 11.0 percent. What debt-equity ratio is needed for the firm to achieve their targeted weighted average cost of capital?

	1.45
	0.22
	0.45
	3.24
	2.24