Dickson, Incorporated, has a debt-equity ratio of 2.05. The firms weighted average cost of capital is 11 percent and its pretax cost of debt is 8 percent. The tax rate is 23 percent.

a.	What is the companys 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.)
b.	What is the companys unlevered 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.)
c.	What would the companys weighted average cost of capital be if the company's debt-equity ratio were .55 and 1.05? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

\begin{tabular}{|l|l|l|} \hline a. Cost of equity & & % \\ \hline b. Unlevered cost of equity & & % \\ \hline c. WACC if debt-equity ratio =0.55 & & % \\ \hline c. WACC if debt-equity ratio =1.05 & % \\ \hline \end{tabular}