Question: answer quickly please my exam is now please 7. Phil's Carvings, Inc. wants to have a weighted average cost of capital of 8%. The firm

answer quickly please my exam is now please 7. Phil's Carvings,

answer quickly please my exam is now please

7. Phil's Carvings, Inc. wants to have a weighted average cost of capital of 8%. The firm has an after-tax cost of debt of 5% and a cost of equity of 11%. What debt- equity ratio is needed for the firm to achieve its targeted weighted average cost of capital? (1 Point) 0.40 0.50 0.60 1

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