Question: Please use excel spreadsheet. please Provide excel formulas used. If you don't use excel the problem will be wrong. please use excel. Fama's Llamas has

Please use excel spreadsheet. please Provide excel formulas used. If you don't use excel the problem will be wrong. please use excel. Fama's Llamas has a WACC of 9.4 percent. The company's cost of

Fama's Llamas has a WACC of 9.4 percent. The company's cost of equity is 13 percent, and its pretax cost of debt is 6.7 percent. The tax rate is 22 percent. What is the company's target debt-equity ratio? Note: Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616. Debt-equity ratio

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