Rozanski Co. currently has EBIT of $37,000 and is all equity financed. EBIT is expected to stay at this level indefinitely. The firm pays corporate taxes equal to 31% of taxable income. The cost of equity for this firm is 11%. done Suppose the firm has a value of $232,090.91 when it is all equity financed. Now assume the firm issues $66,000 of debt paying interest of 10% per year and uses the proceeds to retire equity. The debt is expected to be permanent. done Answer this one: Suppose that with the $66,000 of debt the firm has a value of $252,550.91 and a value of equity of $186,550.91. What will be the expected rate of return on the equity? Enter your answer as a percentage rounded to two decimal places. Do not include the percentage sign as part of your answer.