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Question: famas llamas has a weighted average cost of capital of...

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Fama’s Llamas has a weighted average cost of capital of 9.6 percent. The company’s cost of equity is 12 percent, and its pretax cost of debt is 7.6 percent. The tax rate is 35 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.)

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