A new equity issue by a company that has previously issued equities to the public is called a Multiple Choice Rights offering Syndicate Secondary offering Over the counter offering masoned equity ang A company with 12,000,000 shares outstanding and $1,500,000 in debt outstanding is considering changing to an all-equity capital structure. Under the proposed all-equity capital structure, there would be 15,000,000 shares outstanding Assume the break-even EBIT is $300,000 What is the interest rate on the company's debt Do not found intermediate calculations Round the final answer to 2 decimal places Oime the sign in your response For example, an answer of 15 393 should be entered as 15.39 Numeric Response