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Shrute Farms Corp. would like to have a WACC of 8.5%. The companys after-tax cost of debt is 4.6%, and its cost of equity is

Shrute Farms Corp. would like to have a WACC of 8.5%. The companys after-tax cost of debt is 4.6%, and its cost of equity is 12%. What debt to equity ratio (D/E) should the company maintain to achieve its target WACC? Select one: a. 0.77 b. 0.84 c. 0.90 d. 0.72 e. 0.66

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