Question: Please make sure the answer is correct and explain how you got them, thanks! Garcia Company has no debt. Its cost of copital is 11.2

Please make sure the answer is correct and explain how you got them, thanks!

Garcia Company has no debt. Its cost of copital is 11.2 percent. Suppose the company converts to a debt-equity ratio of 1 . The interest rate on the debt is 8.3 percent ignore taxes for this problem. Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Q. What is the company's new cost of equity? Note: Do not round intermediate calculations and enter your answer os a percent rounded to 2 decimal places, e.9., 32.16. b. What is its new WACC

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