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Sunshine Inc. has a WACC of 10.9 percent. The company's cost of equity is 12 percent, and its cost of debt is 8.9 percent. The

image text in transcribed Sunshine Inc. has a WACC of 10.9 percent. The company's cost of equity is 12 percent, and its cost of debt is 8.9 percent. The tax rate is 38 percent. What is the company's debt-to-equity ratio

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