eBook Empire Ectric Company (EC) US only date and smmon culty. It can borrow need to rest as a o at its target capital structure, which calls for 40% debt and to common equity Its test dividend (D) was $215, constant growth 3%, and its common stock sells for $30. EEC's tax rats is 25%. Two projects are water project has a return of 199, and Project's returns 9. These two projects are equally risky and about as risky as the firm's existing to a. What is its cost of common equity? Do not round Intermediate Calculations. Hound your answer to two decimal places What is the WACC? Do not round Intermediate calculations, Round your answer to two cetimal places c. Which projects should Empire accept? -Select o Onky Dractoris sharing your screen Hide