A firm currently has a debt-equity ratio of 0.8. The debt, which is virtually riskiess, pays an interest rate of 6%. The expected rate of return on the equity is 15 %. 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. WACC - 11 Correct responses 110.02 What would happen to the expected rate of retum on equity it the firm changed its debt-equity ratio to 0.97 Assume the firm pays no taxes, the cost of debt does not change, and that the original WACC a 11.00%. Enter your answer as a percentage rounded to two decimal places. Do not include percentage sign as part of your answer. Return on Equity - Number Section Attempt 1 of 1 Verity