10 O Suppose that Coca-Cola is considering a new capital budgeting project. The project will use debt with maturities of 15 years. To determine the cost of debt for the project, an analyst at Coca-Cola looks at currently trading Coca-Cola debt. The analyst is looking at a Coke bond that trades today for $1,020.00. This bond has an annual coupon rate of 7.00% face value of $1,000, and will mature in 15 years. The marginal tax rate for Coca-Cola is 31.00% What is the after-tax cost of debt for Coca-Cola? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9 2496 % sign required Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) 11 O Cream and Crimson Foods has a target capital structure of calling for 42.00 percent debt. 4.00 percent preferred stock, and 54.00 percent common equity (retained earnings plus common stock), its before-tax cost of debt is 12.00 percent The tax rate is 40.00% Its cost of preferred stock is 10.77%. Its cost of common equity is 13.07% Find the WACC for Cream and Crimson Foods? Submit Answer format: Percentage Round to 2 decimal places (Example: 9.2496, % sign required. Will accept decimal formal rounded to 4 dealmal places (ex 0 0924))