Empire Electric Company (EEC) uses only debt and common equity, It can borrow unlimited amouns at an interest rate of fe =11% as long as a finances at is target copitat. structure, which calls for 30% debt and 70% common equity, Its last dividend (Do) was $2.35, its expectnd constant growth rate is 4%, and its commen stock salls for s2y. EEC's tax rate is 25%. Two projects are available: Project A has a rate of return of 13%, and Project Bs return is 10%. These two prejects are equaly risky and about as risky as thin frrm's existing assets, a. What is its cost of common equity? Do not round intermediote caiculations. Round your antwer to two decimal places. b. What is the WACC? Do not roond intermediate calculations. Round your answer to two decimal placet. c. Which projects should Empire accept