1) A company has $50 million in common stock, $10 million in preferred stock, and $20 million in outstanding bonds. What is the percentage of debt in this firm's capital structure? Enter your answer as a percentage, without the percentage sign ('%'), rounded to 1 decimal. For example, if your answer is 0.0789, that's 7.9%, so just enter 7.9

2) A company has $94 million in outstanding bonds and 10 million shares of stock currently trading at $34 per share. The bonds pay an annual coupon rate of 6% and is trading at par. The company's beta is 1.2, its tax rate is 40%, the risk-free rate is 3%, and the market risk premium is 5%. What is this firm's WACC?

Enter your answer as a percentage, without the percentage sign ('%'), rounded to 1 decimal. For example, if your answer is 0.0789, that's 7.9%, so just enter 7.9