Arme the M&M assumptions hold and no corporate taxes. ConocoPhillipe is currently finance with 70% equity and 30% debt. Additionally, ConocoPhillips currently has a cost of equity of 134. If the company decides to change their capital structure to 80% equity and 20% debt, what is ConocoPhillipe expected out of equity with the new capital structure The cost of equitywe be less than 13 The cost of equity will be equal to 1396 The cost of equity will be greater than 13 Not enough information