Question: 2.0 ports Problem 12-11 Finding the Target Capital Structure [LO 3] Fama's Llamas has a WACC of 9.8 percent. The company's cost of equity is

2.0 ports Problem 12-11 Finding the Target Capital Structure [LO 3] Fama's Llamas has a WACC of 9.8 percent. The company's cost of equity is 12.2 percent, and its cost of debt is 7.4 percent. The tax rate is 40 percent. Required: What is Fama's target debt-equity ratio? (Do not round intermediate calculations. Round your answer to 4 decimal places (e.g. 32.1616).) Debl-equity ratio

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