Ha Li Berries, a US-based Chinese agricultural company, has a pre-tax cost of long-term debt of 7.68%, the cost of preferred shares of 12.17%, and a beta of 1.41: market performance Measured by the NYSE Composite Index it is 11.94% and the one-year T-bill has an annual return of 3.18%. From their financial statements, they are known to have $ 560,000 in long-term debt, $ 280,000 in preferred stock, and $ 295,000 in common stock. The company's applicable tax rate is 34%.

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1. Your cost of shares held (percentage response, no%, 2 decimal places).

2. Your capital weighted average = WACC (percent response, no%, 2 decimal places).