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Maynes Corporation is currently all equity financed and has a value of 580 million. Investors currently require a return of 18.2 percent on common stock. Maynes has a marginal tax rate of 25 percent. Maynes plans to issue $15 million of debt with a return of 6.5 percent and use the proceeds to repurchase common stock What will be the alue of the firm after the debt issue? Please state your answer in millions rounded to two decimal places. Enter your response below 83.75 Correct response: 83.75+0.01 million This question has 4 parts, so you will be clicking verify 4 times. Given that the value of the firm after the debt issue will be $83.75 million, what will be the value of the equity after the debt issue? Please state your answer in millions rounded to two decimal places. Enter your response below 68.75 Correct response: 68.75+0.01million Given that the value of the equity after the debt issue will be $88.75 million, what will be the expected return on the stock after the debt issue? Enter your answer as a percentage and round to 2 decimal places. Do not enter the percentage sign as part of your answer. Enter your response below. 17.79 Correct response: 17.79+0.22 Given that the expected return on the stock after the debt issue will be 17.79%, what will be the Weighted Average Cost of Capital after the debt issue? Do not enter the percentage sign as part of your answer. Enter your response below Number Section Attempt 1 of 1 Verify

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