Malkin Corp. has no debt but can borrow at 8 percent. The firms WACC is currently 16 percent, and there is no corporate tax. a. What is the companys cost of equity? b. If the firm converts to 10 percent debt, what will its cost of equity be? c. If the firm converts to 60 percent debt, what will its cost of equity be? d. What is the companys WACC in parts (b) and (c)? 10% & 60%