Cede & Co. expects its EBIT to be $66,000 every year forever. The firm can borrow at 6 percent. The firm currently has no debt, its cost of equity is 8 percent, and the tax rate is 35 percent. Assume the firm borrows $175,000 and uses the proceeds to repurchase shares.

What is the cost of equity after recapitalization?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) I'm confused on how to actually calculate this?

Cost of equity%

What is the WACC?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) I'm getting lost in combining the figures?

WACC%