Cede & Co$.$ expects its EBIT to be $$54,000$ every year forever. The firm can borrow at $6$ percent. The firm currently has no debt, its cost of equity is $10$ percent, and the tax rate is $21$ percent. Assume the firm borrows $$151,000$ and uses the proceeds to repurchase shares.

a$.$ What is the cost of equity after recapitalization? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the WACC? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[,],[$a$.,$Cost of equity,$\%$