Empire Electrie Company (EEC) ises only debt and common equity. It can borrow inlimited amounts at an interest rate of to = 9% as long as it finances at its target capital structure, which calls for 25% debt and 75% commen equity. Its last dividend (Do) was $2.20, lts expected constant growth rate is 3w. and its comimon stock selis for $20. EEC. tax rate is 25%. Two projects are avallable: Project A has a rate of retum of 13%, and Project B's return is 9%. These two. projects are equally rishy and about as risky as the firm's existing assets, 3. What is its covt of common equity? De not round intermediate calculatione. Round your answer to two decimal places. b. What is the WACC Do not round internedlate calculations. Pound Your answer to two decimal places. c. Which projects showld tempire accept