1.) For $89, PowerUp Engineering will sell common stock to the general public. The anticipated dividend is $3.94 per share, and the predicted dividend growth is 5%. What is the cost of external equity (in percent) if the flotation cost is 10% of the issue's gross proceeds?

2.) According to Ryze Tech's balance statement, its total debt is $30 million, its preferred stock is worth $5 million, and its total equity is $25 million. The tax rate is 26%, while cost of debt is 4%, cost of prefereed stock is 2.4%, and cost of common equity is 10%. What is Ryze's WACC (in percent) if its intended capital structure is 75% common stock, 20% debt, and 5% preferred stock?