GHI Corp. has $20 million par value of debt. This debt has 10 years to maturity and is currently trading at 99.45 paying a 5.5% coupon. The common stock of GHI trades for $25 per share and there are 2 million shares outstanding. The beta of GHI stock is 0.8, the risk-free rate is 4%, and the equity risk premium is expected to be 5%. GHI has no preferred stock and a tax rate of 21%. What is GHIs WACC?

HelloDoggie uses common stock, preferred stock and debt to finance their business. The after-tax cost of debt has risen to 9%. Their current weights are common stock: 55%, preferred stock: 5% and debt: 40%. The cost of common stock is 15% and the cost of preferred stock is 10%. What is the new WACC for HelloDoggie?