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Kendall Corporation has no debt but can borrow at 8 percent. The firm's WACC is eurrently 1 4 percent, and there is no corporate tax.

Kendall Corporation has no debt but can borrow at 8 percent. The firm's WACC is eurrently 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.g.,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.
\table[[a. Cost of equity,,%,,,,],[b. Cost of equity,,%,,,,],[c. Cost of equity,,%,,,,],[d.10 percent debt,,%,,,,],[5 percent debt,,%
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