I need help with part C

Fujita, Incorporated, has no debt outstanding and a total market value of $369,600. Earnings before interest and taxes, EBIT, are projected to be $51,000 if economic conditions are normal. I there is strong expansion in the economy. then EBIT will be 15 percent higher. I there is a recession, then EBIT will be 24 percent lower. The company is considering . $185,000 debt issue with an interest rate of 6 percent The proceeds will be used to repurchase shares of stock. There are currently 8,400 shares outstanding. Ignore taxes for questions (a) and (b). Assume the company has a market- to-book ratio of 10 and the stock price remains constant 3.1 Colculate return on equity (ROE) under eech of the three economic scenarios before any debt is issued. (Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 3216.) a-2 Calculate the percentage changes in ROE when the economy expands or enters o recession (A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 3216.) b-1. Assume the firm goes through with the proposed recapitalization. Calculate the return on equity (ROE) under each of the three economic scenarios. (Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, eg. 32.16.) b2 Assume the firm goes through with the proposed recopitalization. Calculate the percentage changes in ROE when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 3216.) Answer is complete and correct. 10.49 16 10.80 15.87 1965 8-1. Recession ROE 8-1. Normal ROE 8-1. Expansion ROE a-2. Recession percentage change in ROE a-2. Expansion percentage change in ROE b-1. Recussion ROC 24.00 96 15.00 6 14.98 b-1. Normal ROE 21.61 OOOOOOO 25.76 b-1. Expansion ROC b-2. Recession percentage change in ROE b-2. Expansion percentage change in ROE 30.88 19.17 % Assume the fimm hos a tax rate of 24 percent. C-1. Calculate return on equity (ROE) under each of the three economic scenarios before any debt is issued. (Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 3216.) C-2 Colculate the percentage changes in ROE when the economy expands or enters o recession. (A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e..., 3216.) -3. Colculate the return on equity (ROE) under each of the three economic scenarios assuming the firm goes through with the recapitalization. (Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 3216.) C-4. Given the recapitolization, calculate the percentage changes in ROE when the economy expands or enters o recession. (A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places. e.g., 32.16.)