Braxton Corp. currently has one million shares outstanding but no debt If needed, however, the company can borrow at $8$ percent interest. The company's WACC is currently $9\mathrm{.}8$ percent and the tax rate is $35$ percent.

a$.$ What is the company's cost of equity? ploo not round intermedlate calculationg. Enter your answer as a percent rounded to $2$ decimal places, e$.$g$4,32\mathrm{.}16.)$

Cost of equily $9\mathrm{.}8\%$

b$.$ If the firm converts to $15$ percent debt, what will its cost of equity be$?($Do not round intermediate calculations. Ernter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32$:$16.$j

Cost of equity

&

c$.$ If the firm corverts to $50$ percent debt, what will its cost of equity be$?($Do not round$)$ intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32$:$16.)$

Cost of equity

d$-1$if the firm converts to $15$ percent debt, what is the company's WACC? $($Do not round$)$ internediate calculations. Enter your answer as a percent rounded to $2$ decimal places, e$\mathrm{.}9.,32$:ili.,

wAcC s$.$

d$-2$If the firm converts to $50$ percent debt, what is the company's WACC? $($Do not round intermediate calculations, Enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,3$a$$:$(6,)$

wAcc $\%$