A firm currently has a debt-equity ratio of 0.9. The debt, which is virtually riskless pays an interest rate of 7%. The expected rate of retum on the equity is 11 4. What is the Weighted-Average Cost of Capitat 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 9.12 Correct response: 9.11+0.02 What would happen to the expected rate of return on equity if the firm changed its debt-equity ratio 10 0.17 Assume the firm pays no tuves, the cost of debt does not change, and that the original WACC is 9.11 S. 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 Allempt 1 of 1 Verify