A company is 33% financed by risk-free debt. The interest rate is 11%, the expected market risk premium is 9%, and the beta of the companys common stock is .66. a. What is the company cost of capital? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Cost of capital % ____

b. What is the after-tax WACC, assuming that the company pays tax at a 35% rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

After-tax WACC % ______