Colt Manufacturing has two divisions: 1) pistols, and 2) rifles. Betas for the two divisions have been determined to be beta (pistol) = 0.7 and beta (rifle) = 1.1. The current risk-free rate of return is 28 , and the expected market rate of return is 7.5%. The after-tax cost of debt for Colt is 8%. The pistol division's financial proportions are 37.5% debt and 62.5% equity, and the rifle division's are 47.5% debt and 52.5% equity. a. What is the pistol division's WACC? b. What is the rifle division's WACC? Round your answers to two decimal places