Gnomes R Us is considering a new project. The company has a debt$-$equity ratio of $\mathrm{.}81.$ The company's cost of equity is $14\mathrm{.}6$ percent, and the aftertax cost of debt is $7\mathrm{.}9$ percent. The firm feels that the project is riskier than the company as a whole and that it should use an adjustment factor of $+4$ percent.

a$.$ What is the company's WACC?

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

b$.$ What discount rate should the firm use for the project?

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

a$.$ WACC $q,$

b$.$ Project discount rate

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