Question 19 1 pts ABC has 30 million shares that are currently trading for $6 per share and $150 million worth of debt. The debt is risk free and has an interest rate of 4%, and the expected return of ABC's stock is 10%. Suppose an employee strike causes the price of ABC's stock to $4.25 per share. The value of the risk-free debt is unchanged. Assuming there are no taxes and the risk (unlevered beta) of ABC's assets is unchanged, what is ABC's new equity cost of capital (rounded to the nearest 1%)? O 9% 10% O 13% 12% O 11% Question 19 1 pts ABC has 30 million shares that are currently trading for $6 per share and $150 million worth of debt. The debt is risk free and has an interest rate of 4%, and the expected return of ABC's stock is 10%. Suppose an employee strike causes the price of ABC's stock to $4.25 per share. The value of the risk-free debt is unchanged. Assuming there are no taxes and the risk (unlevered beta) of ABC's assets is unchanged, what is ABC's new equity cost of capital (rounded to the nearest 1%)? O 9% 10% O 13% 12% O 11%