Score: 0 of 2 pts 10 of 13 (1 complete) HW Score: 3.33%, 1 of 30 pts Question Help O P14-16 (similar to) Hartford Mining has 50 million shares that are currently trading for S2 per share and $170 million worth of debt. The debt is risk free and has an interest rate of 6%, and the expected return of Hartford stock is 12%. Suppose a mining strike causes the price of Hartford stock to fall 20% to $1.60 per share. The value of the risk-free debt is unchanged. Assuming there are no taxes and the risk (unlevered beta) of Hartford's assets is unchanged, what happens to Hartford's equity cost of capital? Equity cost of capital is 7% (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. ? All parts showing Clear All Check