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Meyer & Co. expects its EBIT to be $107000 every year forever. T percent. The company currently has no debt, and its cost of equity is 11 percent and the tax rate is 21 percent. The company borrows $162000 and uses the proceeds to repurchase shares he firm can borrow at 7 a. What is the cost of equity after n ecapitalization? (Do not round Intermedlate calculetions and enter your answer as a percent rounded to 2 declmal places, e.g., 32.16.) b. What is the WACC? (Do not round Intermediate calculatlons and enter your answer es e percent rounded to 2 decimal places, e.g., 32.16.) a. Cost of equity b. WAcC 96