This is second time i put this question please make sure about the answer

4 Meyer & Co. expects its EBIT to be $119,000 every year forever. The firm can borrow at 6 percent. The company currently has no debt, and its cost of equity is 12 percent and the tax rate is 24 percent. The company borrows $171,000 and uses the proceeds to repurchase shares. 12.5 points a. What is the cost of equity after recapitalization? Do not round intermediate Skipped calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) b. What is the WACC? (Do not round intermediate calculations and enter your answer eBook as a percent rounded to 2 decimal places, e.g., 32.16.) Print References a. Cost of equity b. WACC