I 9. Lee Airlines plans to issue 15-year bonds with a par value of $1,000 that will pay $80 every six months. The bonds have a market price of $920. Flotation costs on new debt will be 5%. If the firm is in the 35% marginal tax bracket, what is the posttax cost of new debt? 10. Fisheye Inc. is investing in a new project costing $24 million. It will raise $6 million in bonds, $8 million in preferred stock, and $10 million in retained earnings. If the after-tax cost of debt is 6%, the cost of preferred stock is 10%, the cost of retained earnings is 20%, and the cost of new common stock is 25%, what is the WACC