The market value of Rumbers Inc is currently 77.0% in equity and 23.0% in debt. An analyst finds the following information about the firm: - It's current WACC is 14.0% - marginal corporate tax rate is 40.0% - the yield to maturity on its outstanding bonds is 8.2% and is expected to remain constant - the risk-free rate is 3.0%, and - the expected return on the market portfolio is 9.5% Rumbers proposes to change its capital structure through a debt for equity swap. Under this proposal its new debt to equity ratio will be 55.0% over 45.0% 1. What is the current equity cost of capital? (Give answer as % to 2 decimal places) 2. If the firm changes its capital structure as proposed, what would be the new equity cost of capital? (Give answer as % to 2 decimal places) 3. What is the new Weighted Average Cost of Capital? \% (Give answer as % to 2 decimal places)