Question: Answer is 0.40 but not sure how to get there. please show all steps so I can fully understand how to solve. thank you Wild

Answer is 0.40 but not sure how to get there. please

Answer is 0.40 but not sure how to get there. please show all steps so I can fully understand how to solve. thank you

Wild Ducks Unlimited wants to have a weighted average cost of capital of 9.5%. The firm has an after-tax cost of debt of 3.296 and a cost of equity of 12%. What debt-equity ratio is needed for the firm to achieve the targeted weighted average cost of capital

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