Ninecent Corporation has a target capital structure of $65$ percent common stock, $5$

percent preferred stock, and $30$ percent debt. Its cost of equity is $13$ percent, the cost of

preferred stock is $5$ percent, and the pretax cost of debt is $6$ percent. The relevant tax

rate is $25$ percent.

a$.$ What is the company's WACC? $($Do not round intermediate calculations and enter

your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the aftertax cost of debt? $($Do not round intermediate calculations and enter

your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$