An all-equity company is considering borrowing $1,750,000 and using the borrowed funds to repurchase shares. The company has a cost of equity of 9.25%. EBIT is expected to be $650.000 every year forever. Assume all available earnings are immediately distributed to common shareholders and all the M&M assumptions are satisfied. If the company proceeds with the capital restructuring, what will be the company's WACC according to M&M Proposition I without taxes? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39. Numeric Response An unlevered company that has a current value of $1,800,000 is considering borrowing $800,000 and using the borrowed funds to repurchase shares. The company can borrow at 4.5% and has a cost of equity of 12%. EBIT is expected to remain the same every year forever. Assume all available earnings are immediately distributed to common shareholders and all the M&M assumptions are satisfied. What is the company's EBIT according to M&M Proposition ! without taxes? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50. Numeric Response