GAME's competitor, Stay in & Play, is an all-equity firm. It's cost of capital is 18%. It wants to change its capital structure by adding leverage of 30%. They estimate the cost of debt would be 8%, are assuming no risk of default and they anticipate that the they would maintain that level of debt forever. Their tax rate is 20%. What would be their anticipated cost of equity and resulting weighted average cost of capital? ROL = 21.43% WACC = 16.92%