Adjusted WACC Ashenan Motors is currently an all-equity firm. It has two million shares outstanding, selling for $45 per share. The compairy has a beta of 12 , with the current risk-free rate at 3.2% and the makket premium at 7.4%. The lax rate is 30% for the company. Ashman has decided lo sell 345 milion of bonds and retire half its stock. The bonds will have a yiold to maturity of 7.9%. The beta of the company will rise lo 1.7 with the new debt. What was Ashrranis adjustod WACC before seling the bonds? What is its new WACC after seling the bonds and rotiring the stock with the proceects from the sale of the bonds? Hint: The weight of equity before selling the bond is 100% What wirs Ashman's adjusted WACC before seling the bonids? (Found to two docimal placos.) What is its new WACC after selling the bonds and rekring the shock with the proceods from the salo of the bonds? (Round to two docimal places:)