Skyline Airways has 3.5 million shares of common stock outstanding, with a book value of $3.00 per share. The stock currently trades for $4.20 per share. The company also has $3.5 million in face value debt, which trades at 105% of par value. What is its debt-to-equity (D/E) ratio for WACC purposes?
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What is its debt to equity ratio for WACC purposes? Accounting


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