Learn and Earn Company is financed entirely by common stock that is priced to offer a 24% expected return. If the company repurchases 50% of the stock and substitutes an equal value of debt yielding 6%, what is the expected return on the common stock after refinancing? 40% O 32% O 28% 42% Wealth and Health Company is financed entirely by common stock that is priced to offer a 15% expected return. The common stock price is $40/share. The earnings per share (EPS) is expected to be $6. If the company repurchases 25% of the common stock and substitutes an equal value of debt yielding 6%, what is the expected value of earnings per share after refinancing? (Ignore taxes.) O $8.00 O $6.00 O $7.52 $7.20