An all-equity company is considering borrowing funds and using the proceeds to repurchase shares resulting in a DVE ratio of 1.3 for the company. The company can borrow at 6% and its current cost of equity is 13%. Assume all available earnings are immediately distributed to common shareholders and all the MSM assumptions are satisfied excel the company's corporate tax rate is 30% If the company proceeds with the capital restructuring, what will be the company's cost of equity according to M&M Proponon with taxes Do not round intermediate calculations. Round the final answer to 2 decimal place Omit the sun in your response For example, an aniwer of 15.10 should be 1539