Fama's Llamas has a weighted average cost of capital of 9 percent. The company's cost of equity is 13 percent, and its pretax cost of debt is 8 percent. The tax rate is 39 percent. What is the company's target debt-equity ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places. For example, 1.2345 should be entered as 1.23.