Jenkins, Inc., has equity with a market value of $$22\mathrm{.}3$ million and debt with a market value of $$11\mathrm{.}15$ million. The cost of debt is $8$ percent per year. Treasury bills that mature in one year yield $4$ percent per year, and the expected return on the market portfolio over the next year is $10$ percent. The beta of the company's equity is $1\mathrm{.}08.$ The firm pays no taxes.

a$.$ What is the company's debt$-$equity ratio? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the company's weighted average cost of capital? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ What is the cost of capital for an otherwise identical all$-$equity firm? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Answer is not complete.

$\backslash$table$[[$a$.,$Debt$-$equity ratio,$0\mathrm{.}50,],[$b$.,\backslash$table$[[$Weighted average cost of$],[$capital$]],,\%$