Spam Corp. Is financed entirely by common stock and has a beta of 115. The firm is expected to generate a level, perpetual stream of earnings and dividends. The stock has a price-earnings ratio of 7.00 and a cost of equity of 14.29%. The company's stock is selling for $46. Now the firm decides to repurchase half of its shares and substitute an equal value of debt. The debt is risk free, with an interest rate of 4,5%. The company is exempt from corporate income taxes. Assume MM are correct a. Calculate the cost of equity after the refinancing (Enter your answer as a percent rounded to 2 decimal places.) b. Calculate the overall cost of capital (WACC) after the refinancing (Enter your answer as a percent rounded to 2 decimal places.) . Calculate the price earnings ratio alter the refinancing. (Do not round intermediate calculations. Round your answer to 2 decimal d. Calculate the stock price after the refinancing e. Calculate the stocks beta after the refinancing (Round your answer to 1 decimal plece.) Cost of equity Cost of capital Price-camningstatio d Stock price Stock's beta