Shadow Corp. has no debt but can borrow at 7 percent. The firm's WACC is currently 11 percent, and the tax rate is 35 percent. Requirement 1: What is Shadow's cost of equity? (Do not include the percent sign (%).) Cost of equity % Requirement 2: If the firm converts to 25 percent debt, what will its cost of equity be? (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16)) Cost of equity % Requirement 3: If the firm converts to 50 percent debt, what will its cost of equity be? (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16)) Cost of equity % Requirement 4: What is Shadow's WACC in requirement 2? In requirement 3? (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16)) WACC 25 percent 50 percent % %