sime

Braxton Corp. currently has one million shares outstanding but no debt If needed, however, the company can borrow at $8$ percent interest. The compary's WACC is currently $9\mathrm{.}8$ percent and the tax rate is $35$ percent.

a$.$ What is the company's cost of equity? $(1$Do not round intermedlate calcultations. Enter your answeir as a percent rounded to $2$ decimel places, a$\mathrm{.}4.,32\mathrm{.}16.$j

Cost of equity $9\mathrm{.}8$

b$.$ If the firm converts to $15$ percent debt, what will its cost of equity be$?$ jDo not round intermediate calculations. Enter your answer as a percent rounded to $2$ clecimal places, e$.$g$,32416.)$

Cost of equity

$($x$.$

c$.$ If the firm converts to $50$ percent debt, what will its cost of equity be$?($Do not round intermediate calculations. Enter your answer as al percent rounded to $2$ decimal

Cost of equity

d$-1$If the firm converts $1015$ percent debt, what is the company's WACC? $($Do not round intermediale cilculations Erter your answer as a parcent rounded to $2$ decimal

wace $16$

d$-2$lf the firm converts to $50$ percent debt, what is the company's WACC? $($Do not round$)$ intermediste celkeulationst Enter yout answer ats a percent rounded to $2$ decimal

whec: