Question: Problem 14-11 Finding the Target Capital Structure (L04) Turin Corp. has a weighted average cost of capital of 8.5%. The company's cost of equity is

Problem 14-11 Finding the Target Capital Structure (L04) Turin Corp. has a weighted average cost of capital of 8.5%. The company's cost of equity is 11% and its pre-tax cost of debt is 6.1%. The tax rate is 35%. What is the company's target debtequity ratio? (Do not round intermediate calculations. Round the final answer to 4 decimal places.) Debtequity ratio

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