Hubbard lndustries is an all-eguity fem whose shares have an expected return of 9.8%. Hubbard does a leveraged recaptaization, issung debt and repurchasing stock, unbi its debs-equity ratio is 0.53. Due to the increased risk, shareholders now expect a rebam of 14.2%. Assuming there are no taxes and Hubbards dobe is risk.ffee, What is the interest rate on the debt? The interest rate is W. (Round to two decimal places.)