Problem 13-11 Calculating WACC [LO 1] Kendall Corporation has no debt but can borrow at 6 percent. The firm's WACC is currently 11 percent, and there is no corporate tax. a. What is the company's cost of equity? Note: Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32. b. If the firm converts to 15 percent debt, what will its cost of equity be? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16 . c. If the firm converts to 55 percent debt, what will its cost of equity be? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. d. What is the company's WACC in parts (b) and (c)? Note: Do not round intermediate calculations and enter your answers as a percent rounded to the nearest whole number, e.g., 32