Gnomes R Us is considering a new project. The company has a debt-equity ratio of .74. The companys cost of equity is 14.5 percent, and the after-tax cost of debt is 7.8 percent. The firm feels that the project is riskier than the company as a whole and that it should use an adjustment factor of +3 percent. Requirement 1: What is the companys WACC? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) WACC % Requirement 2: What discount rate should the firm use for the project? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Project discount rate %