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Citee Corp. has no debt but can borrow at 6.2 percent. Thefirm’s WACC is currently 8.5 percent, and the tax rate is 25percent. a. What is the company’s cost of equity? (Do not roundintermediate calculations and enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.) b. If the firm convertsto 15 percent debt, what will its cost of equity be? (Do not roundintermediate calculations and enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.) c. If the firm convertsto 40 percent debt, what will its cost of equity be? (Do not roundintermediate calculations and enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.) d-1. If the firmconverts to 15 percent debt, what is the company’s WACC? (Do notround intermediate calculations and enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.) d-2. If the firmconverts to 40 percent debt, what is the company’s WACC?