Question 8 1 pts Fama's Llamas calculated the weighted average cost of capital (WACC) using its target debt-equity ratio and found it to be 11.5 percent. The company's cost of equity is 17.5 percent, and its pretax cost of debt is 7 percent. The aftertax cost of debt is used in the WACC calculation with a tax rate of 31 percent. What is the company's target debt-equity ratio (D/E)? Round to the nearest X.XXX