You have been hired by a new firm that is just being started. The CFO wants to finance with 60% debt, but the president thinks it would be better to hold the percentage of debt in the capital structure (wd) to only 10%. Other things held constant, and based on the data below, if the firm uses more debt, by how much would the ROE change, i.e., what is ROENew ROEOld? Operating Data Other Data Capital $4,000 Higher wd 60% ROIC = EBIT(1 T)/Capital 13.00% Higher interest rate 13% Tax rate 35% Lower wd 10% Lower interest rate 9%