ebook Empire Electric Company (EEC) uses only debt and common equity. It can borrow unlimited amounts at an interest rate of d -11% as long as it finances at its target capital structure, which calls for 25% debt and 75% common equity. Its tast dividend (Do) was $3.10, its expected constant growth rate is 3%, and its common stock sells for $30 EEC's tax rate is 25% Two projects are available Project Ahas a rate of rotum of 14%, and Project 's retum is These two projects are equally risky and about as risky as the firm's stingssets What is cost of common equity? Do not round intermediate calculation. Round your answer to two decimal places b. What is the WACC Do not round watermediate calculations, Round your owwer to two decal places Which projects shou Empire