Question: Please show work, trying to completely understand the process. Fama's Llamas has a WACC of 9.3 percent. The company's cost of equity is 11.2 peroent,

Please show work, trying to completely understand the process.

Fama's Llamas has a WACC of 9.3 percent. The company's cost of equity is 11.2 peroent, and its pretax cost of debt is 7.9 percent. The tax rate is 34 percent. What is the company's target debt-equity ratio? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Debt-equity ratio

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