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The answer needs to be in a decimal! Thanks!! Fama's Llamas has a weighted average cost of capital of 9.8 percent. The company's cost of

image text in transcribedThe answer needs to be in a decimal! Thanks!!

Fama's Llamas has a weighted average cost of capital of 9.8 percent. The company's cost of equity is 12 percent, and its cost of debt is 7.8 percent. The tax rate is 40 percent. What is Fama's debt-equity ratio? (Do not round intermediate calculations and round your final answer to 4 decimal places. (e.g 32.1616))

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