A bakery has one issue of bonds outstanding. The bonds pay a 4.20 percent semiannual coupon, mature in 10 years, and currently sell at 98.00 percent of par. They have a dept - equity ratio of 1.32 and a tax rate of 21 percent. Calculate the company's required return on debt. Additionally, what is the company's overall required rate of return?

(*Don't round steps)

R debt = __ % (2 decimals places)

WACC = __% (2 decimal places)