Question: Problem 13-7 Finding the Capital Structure Fama's Llamas has a weighted average cost of capital of 9.6 percent. The company's cost of equity is 13.2

Problem 13-7 Finding the Capital Structure Fama's Llamas has a weighted average cost of capital of 9.6 percent. The company's cost of equity is 13.2 percent, and its cost of debt is 7.8 percent. The tax rate is 21 percent. What is the company's 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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