Electrosolt has no debt and its shareholders require a return of 11%. There are 150 million shares outstanding, and the shares trade for $9. ElectroSoft has announced a stock repurchase. It intends to buy 67. 972 million shares at a price of $11 per share. The repurchase will be debt financed. After the repurchase, the company's debt-to-equity ratio will be 1 and it will maintain that ratio in perpetuity. What is the WACC with the new capital structure? The cost of debt is 5% and the tax rate is 35% Express your answer in percentage form WACC = ACME Transmission Inc. isa tier 1 auto parts supplier. Analysts expected ACME to generate free cash flow of $2 billion in one year. Assume that cash flows occur on December 31 and today is January 1. Analysts expect the cash flows to grow at 25% in perpetulty, ACME has 58.4516 billion of debt, which is equal to 20% of its value and it is committed to maintaining that ratio in perpetuity. The required return of shareholders is 10% and the required return of lenders is 5%. The tax rate is 30% There are 2 bition shares outstanding. What is the fair price for ACME's shares? Round your answer to the nearest cent