The Dandy Doodle Corporation has a weighted average cost of capital of 9.9 percent. You calculate the companys cost of equity is 13 percent, and its pretax cost of debt is 7.9 percent. Given the tax rate is 40 percent, calculate the companys target debt to equity ratio? (Do not round intermediate calculations and round your final answer to 4 decimal places, e.g., 32.1616.)

Debtequity ratio