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Ron's Skies Inc. wants to have a weighted average cost of capital of 9%. The firm has an after-tax cost of debt of 5% and

Ron's Skies Inc. wants to have a weighted average cost of capital of 9%. The firm has an after-tax cost of debt of 5% and a cost of equity of 11%. What debt-equity ratio is needed for the firm to achieve its targeted weighted average cost of capital? A. 0.60 B.0,50 C.0.40 D.0.33 E. 0.67

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