ABC Company has 4 million common shares outstanding and 1 million preferred shares outstanding, and its equity has a total book value of $70 million. Its debt has a market value of $10 million. If ABC Company's common and preferred shares are priced at $24.5 and $34.2, respectively, what is the market value of ABC Company's assets? Enter your answer in millions of dollars.

V= Correct response: 142.2 million

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ABC Company faces a 20% tax rate. Using the correct answers from the previous parts, what is the company's WACC? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer.