A firm currently has a debt-equity ratio of 0.7. The debt, which is virtually riskless, pays an interest rate of 3%. The expected rate of 15 \%. What is the Weighted-Average Cost of Capital if the firm pays no taxes? Enter your answer as a percentage rounded to two decimal places include the percentage sign in your answer. WACC= Correct response: 10.06±0.02 What would happen to the expected rate of return on equity if the firm changed its debt-equity ratio to 0.5 ? Assume the firm pays no taxes, the cost of does not change, and that the original WACC is 10.06%. Enter your answer as a percentage rounded to two decimal places. Do not include percentage sign as part of your answer. Return on Equity = Section Attempt 1 of 1