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Kendall Corporation has no debt but can borrow at 8 percent. The firm's WACC is currently 14 percent, and there is no corporate tax. a.

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Kendall Corporation has no debt but can borrow at 8 percent. The firm's WACC is currently 14 percent, and there is no corporate tax. a. What is the company's cost of equity? Note: Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32. b. If the firm converts to 10 percent debt, what will its cost of equity be? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16. c. If the firm converts to 55 percent debt, what will its cost of equity be? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16. d. What is the company's WACC in parts (b) and (c)? Note: Do not round intermediate calculations and enter your answers as a percent rounded to the nearest whole number, e.g." 32

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