7. Problem 10.11 (WACC and Percentage of Debt Financing) Hool Industrie capital structure consolely of de common outy. It can debt - 114, and its common stock currently a 1400 dividend per share (O - $4.00). The Mock's prices currently $25 25, is dividend is expected to grow at a constant rate of 4 per year, its tax rates, and its WACC IS 12.15 What percentage of the company's capital structure consists of t? Do not round termediate calitation Round your new to the decimal places Empire Electric Company (EC) only debt and common outy. It can borren urimited amounts at an interest rate of reasong as it finances at its target capital structure, which calls for 35 debt and 65 common equity. Its tast dividend (D) was $2.10, its expected constant growth rates, and its common stock sells for $21. EEC tax rate 25%. The projects are available: Project A has a rate of return of 144 and Project's return. These two projects are equally risky and about risky as the fire's existing assets What is its cost of common equity? Do not roundermediate calculation Round your answer to two decimal places Was the WACC) Do not round warmediate calculation und your two decal with the more accept