Nodebt, Inc., has zero debt (w = 0). It is considering restructuring to increase its percentage of debt to w = 50%. Its beta is 1.2, the risk-free rate is 5%, the market risk premium is 7%, and if it restructures, the required return on its debt will be 11%. Nodebt's tax rate is 25%. a. Using the Hamada equation, calculate Nodebt's required return on equity after the recapitalization. Do not round intermediate calculations. Round your answer to two decimal places. % b. Using the MM model with corporate taxes (Equation 17-16) calculate Nodebt's required return on equity. Do not round intermediate calculations. Round your answer to two decimal places. % c. Using the APV model, calculate Nodebt's required return on equity. Do not round intermediate calculations. Round your answer to two decimal places. %