Please answer clearly and accurate

Meyer & Co. expects its EBIT to be $143,000 every year forever. The firm can borrow at 8 percent. The company currently has no debt, and Its cost of equity is 11 percent and the tax rate is 25 percent. The company borrows $189,000 and uses the proceeds to repurchase shares a. What is the cost of equity after recapitalization? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 declmal places, e.g., 32.16.) b. What is the WACC? (Do not round Intermedlate celculations and enter your answer as a percent rounded to 2 declmal places, e.g., 32.16.) a. Cost of equity b WACC