Colt Manufacturing has two divisions: 1) pistols; and 2) rifles. Betas for the two divisions have been determined to be beta (pistol)equals=0.6 and beta (rifle)equals=0.8. The current risk-free rate of return is 2%, and the expected market rate of return is 6%. The after-tax cost of debt for Colt is 8%.The pistoldivision'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?

___% (round to two decimal places)

b.What is the rifle division's WACC?