An all-equity company is considering borrowing $1,500,000 and using the borrowed funds to repurchase shares. The company has a cost of equity of 0.75 EHIT spected to be $450,000 avery year forever. Assume all available earnings are immediately distributed to common shareholders and all the MSM assumptions are satisfied in the company proceeds with the capital restructuring, what will be the company's WACC according to M&M Proposition without tavas? Do not found intermediate calculations. Round the final answer to 2 decimal places, Omit the sign in your response. For example, an answer of 1539 should be entered 15.39