Minlon, Inc. has no debt outstanding and a total market value of $211,875. Earnings before interest and taxes. EBIT, are projected to be $14,300 if economic conditions are nommal. If there is strong expansion in the economy, then EBII will be 20 percent higher. If there is a recession, then EBIT will be 35 percent lower. The company is considering a $33,900 debt issue with an Interest rate of 6 percent. The proceeds will be used to repurchase shares of stock. There are currently 7,500 shares outstanding. Assume the company has a market-to-book ratlo of 1.0 and the stock price remains constant a-1. Calculate return on equity, ROE, under each of the three economic scenarlos before any debt is issued, assuming no taxes. (Do not round intermedlate calculations and enter your answers as a percent rounded to 2 decimal places, e.9. 3216.) a-2 Calculate the percentage changes in ROE for economic expenslon or recession, assuming no taxes. (A negative answer should be indicated by a minus sign. Do not round intermedlate calculations and enter your answers as a percent rounded to the nearest whole number, e.g. 32) b-1. Calculate return on equity, ROE, under each of the three economic scenarlos after the recapltalization. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent