1.) A factory currently has an equity position of $4 million with a cost of 10%, the preferred equity position is $2 million with an annual cost of 15%, the company has assets worth $9,000,000. The tax rate is 40%, and the debt cost is $200,000. Please calculate the WACC.

2.) The debt of this company is currently 60% of the assets, the remaining capital structure is financed with common equity with a cost of 3%. The cost of debt was $800,000 for the entire 10,000,000 of the firms liabilities. Please calculate the WACC with a tax rate of 40%.