Homework: Week 13 Homework (Sections 14.1 - 14.3) Save Score: 0 of 5 pts 5 of 5 (4 complete) HW Score: 79 17%, 19 of 24 pts P 14-16 (similar to) Question Help Hartford Mining has 90 million shares that are currently trading for $2 per share and S120 milion worth of debt. The debt is risk free and has an interest rate of 7%, and the expected return of Hartford stock is 14% Suppose a mining strike causes the price of Hartford stock to fall 21% to 51.58 per share the value of the risk-free debt is unchanged. Assuming there are no taxes and the risk (unlevered beta) of Hartford's assets is unchanged what happens to Hartford's equity cost of capital? Equity cost of capital is 11.20% (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer All parts showing Check