FarCry Industries, a maker of telecommunications equipment, has 5 million shares common stock outstanding, 2 million shares of preferred stock outstanding, and 20,0 bonds. Suppose the common shares are selling for $24 per share, the preferred shai are selling for $13.00 per share, and the bonds are selling for 97 percent of par. What weight should you use for debt in the computation of FarCry's WACC? (Round yo answer to 2 decimal places.) Weight used % KatyDid Clothes has a $180 million (face value) 25-year bond issue selling for 103 percent of par that carries a coupon rate of 7 percent, paid semiannually. What would be KatyDid's before-tax component cost of debt? (Round your answer to 2 decimal places.) Cost of debt