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Ninecent Corporation has a target capital structure of 60 percent common stock, 5 percent preferred stock, and 35 percent debt. Its cost of equity is

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Ninecent Corporation has a target capital structure of 60 percent common stock, 5 percent preferred stock, and 35 percent debt. Its cost of equity is 13 percent, the cost of preferred stock is 6 percent, and the pretax cost of debt is 7 percent. The relevant tax rate is 25 percent. a. What is the company's WACC? Note: Do not round intermedlate celculations and enter your answer as a percent rounded to 2 declmal places, e.g., 3216. b. What is the aftertax cost of debt? Note: Do not round intermedlote calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 3216

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