1).Myers Corporation is currently all equity financed and has a value of $100 million.Investors currently require a return of 18.00 percent on common stock.Myers pays no taxes.Myers plans to issue $45million of debt with a return of 8.6 percent and use the proceeds to repurchase common stock.

What will be the value of the firm after the debt issue?Please state your answer in millions.

2).A firm currently has a capital structure with 35 % debt. The debt, which is virtually riskless, pays an interest rate of 5 %. The expected rate of return on the equity 13 %. What is the Weighted-Average Cost of Capital if the firm pays no taxes? Enter your answer as a percentage rounded to two decimal places.Do not include the percentage sign in your answer.

3).The common stock and debt of Windows Phone Corp. are valued at $67 million and $40 million, respectively. Investors currently require a 13% return on the common stock and an 5% return on the debt. There are no taxes.

Calculate the weighted average cost of capital. Enter your answer as a percentage. Do not include the percentage sign in your answers. Enter your answer rounded to 2 DECIMAL PLACES.