Problem $16-13$ Calculating WACC $[$LO$1]$

Navarro Corporation has no debt but can borrow at $6\mathrm{.}8$ percent. The firm's WACC is

currently $9\mathrm{.}2$ percent, and the tax rate is $22$ percent.

a$.$ What is the company's cost of equity? $($Do not round Intermedlate calculations

ond enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ If the firm converts to $20$ percent debt, what will its cost of equity be$?($Do not

round Intermedlate calculations and enter your answer as a percent rounded to

$2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ If the firm converts to $50$ percent debt, what will its cost of equity be$?($Do not

round Intermedlate calculations and enter your answer as a percent rounded to

$2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

d$-1.$ If the firm converts to $20$ percent debt, what is the company's WACC? $($Do not

round Intermedlate calculations and enter your answer as a percent rounded to

$2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

d$-2.$ If the firm converts to $50$ percent debt, what is the company's WACC? $($Do not

round Intermedlate colculatlons and enter your answer as a percent rounded to

$2$ decimal places, e$.$g$.,32\mathrm{.}16.)$