14. CoffeeCarts has a cost of equity of 14.5%, has an effective cost of debt of 3.9%, and is financed 67% with equity and 33% with debt. What is this firm's WACC? CoffeeCarts's WACC is _____%? (Round to one decimal place.)

15. AllCity, Inc., is financed 36% with debt, 13% with preferred stock, and 51% with common stock. Its pretax cost of debt is 6.2%, its preferred stock pays an annual dividend of $2.51 and is priced at $25. It has an equity beta of 1.11. Assume the risk-free rate is 1.6%, the market risk premium is 6.7% and AllCity's tax rate is 25%. What is its after-tax WACC? Note: Assume that the firm will always be able to utilize its full interest tax shield. The WACC is ____%? (Round to two decimal places.)