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Please read the question and answer its parts. Thank you. Citee Corp. has no debt but can borrow at 5.2 percent. The firm's WACC is

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Please read the question and answer its parts. Thank you.

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Citee Corp. has no debt but can borrow at 5.2 percent. The firm's WACC is currently 8.9 percent, and the tax rate is 24 percent. b. cI-1. cl-2. What is the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) If the firm converts to 25 percent debt, what will its cost of equity be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) If the rm converts to 45 percent debt, what will its cost of equity be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) If the firm converts to 25 percent debt, what is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) If the rm converts to 45 percent debt, what is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Cost of equity Cost of equity Cost of equity WACC

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