Colt Manufacturing has two divisions: 1) pistols, and 2) rifles. Betas for the two divisions have been determined to be beta (pistol) = 0.8 and beta (rifle) = 1.3. The current risk-free rate of return is 4.5%, and the expected market rate of return is 10%. The after-tax cost of debt for Colt is 6.5%. The pistol division's financial proportions are 45.0% debt and 55.0% equity, and the rifle division's are 55.0% debt and 45.0% equity a. What is the pistol division's WACC? b. What is the rifle division's WACC? a. What is the pistol division's WACC? % (Round to two decimal places.) b. What is the rifle division's WACC? % (Round to two decimal places.) Enter your answer in each of the answer boxes