Garcia Company has no debt. Its cost of capital is $11\mathrm{.}1$ percent. Suppose the company converts to a debt$-$equity ratio of $1.$ The interest rate on the debt is $8\mathrm{.}2$ percent. Ignore taxes for this problem.

What is the company$$s new cost of equity?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

What is its new WACC?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$