11, Hamilton Electric Compa nies is a zero-growth firm with 100% equity financing that pays out all earnings as EBIT is $2,000,000, their cost of capital is 10% and there are no corporate taxes. dividends. Hamilton's current Hamilton's board has decided to issue $8,000,000 in debt of debt for the newly-issued debt is 6%. and use the proceeds to repurchase shares. The cost What is the expected change (difference) in Hamilton's cost of a.096 b. 2.67% C. 4.54% d. 6%