Roxy Broadcasting, Inc. is currently a low-levered firm with a debt to equity ratio of 4/7. The company wants to increase its leverage fo assets is 13% and the cost of debt is 11%, what are the current and the new costs of equity if Roxy operates in a world of no taxes?

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Modigliani and Miller's world of no faxes. Roxy Broadcasting. Inc. is currently a low-levernd firm with a debt to-equily ratio of 4/t. The company wants to increase is kverage to 714 for debt to equity. If the current return on assets is 13% and the cost of debt is 11%, what are the current and the new costs of equity if Roxy oporates in a world of no twes? What is the current coat of equity if Roxy operates in a world of ne taxes? (Round to the nearest whole percent.)