Crosby Industries has a debt-equity ratio of 1.6. Its WACC is 12 percent, and its cost of debt is 9 percent. There is no corporate tax.

a.What is the company's cost of equity capital?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Cost of equity%

b.What would the cost of equity be if the debt-equity ratio were 2?(Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32.)

Cost of equity%

What would the cost of equity be if the debt-equity ratio were .4?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Cost of equity%

What would the cost of equity be if the debt-equity ratio were zero?(Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32.)

Cost of equity%