Mullineaux Corporation has a target capital structure of 63 percent common stock, 8 percent preferred stock, and 29 percent debt. Its cost of equity is 14.3 percent, the cost of preferred stock is 7.3 percent, and the cost of debt is 9 percent. The relevant tax rate is 38 percent.

Required:
(a)	What is Mullineauxs WACC? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

WACC

%

(b)	What is the aftertax cost of debt?