My answer is incorrect

A company is all equity financed. The expected rate of return on the company's shares is 12%. Suppose the company issues debt, repurchases shares, and moves to a 30% debt-to-value ratio (D/(D+E)). What will the company's WACC be at the new capital structure, expressed as a percent? (XX)% 11 A company is all equity financed. The expected rate of return on the company's shares is 12%. Suppose the company issues debt, repurchases shares, and moves to a 30% debt-to-value ratio (D/(D+E)). What will the company's WACC be at the new capital structure, expressed as a percent? (XX)% 11