Williamson, Inc., has a debtequity ratio of 2.54. The company's weighted average cost of capital is 9 percent, and its pretax cost of debt is 7 percent. The corporate tax rate is 40 percent.

a.	What is the companys cost of equity capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Cost of equity capital

%

b.	What is the companys unlevered cost of equity capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Unlevered cost of equity

%

c.	What would the companys weighted average cost of capital be if the company's debtequity ratio were .80 and 1.70? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

	Weighted average cost of capital
Debtequity ratio = .80	%
Debtequity ratio = 1.70	%