c$-1.$ Calculate return on equity $($ROE$)$ under each of the three economic scenarios before any debt is issued.

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

c$-2.$ Calculate the percentage changes in ROE when the economy expands or enters a recession.

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

c$-3.$ Calculate the return on equity $($ROE$)$ under each of the three economic scenarios assuming the firm goes through with the recapitalization.

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$ c$-4.$ Given the recapitalization, calculate the percentage changes in ROE whien the economy expands or enters a recession.

Note: A negative answer should be indicated by a rainus sign. Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

$\backslash$table$[[$c$-1.$ Recession ROE,,$\%$