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. 8. What is the company's WACC? (Do not round Intermedlate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the aftertax cost of debt? (Do not round Intermedlate calculatlons and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Dani Corporation has 4 million shares of common stock outstanding. The current share price is $76, and the book value per share is $7. The company also has two bond issues outstanding. The first bond issue has a face value of $105 million, a coupon rate of 5 percent, and sells for 95 percent of par. The second Issue has a face value of $90 million a coupon rate of 4 percent, and sells for 107 percent of par. The first issue matures In 25 years, the second In 8 years. Suppose the most recent dividend was $4.60 and the dividend growth rate is 5.1 percent. Assume that the overall cost of debt is the welghted average of that Implied by the two outstanding debt issues. The tax rate is 22 percent. 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., 32.16.)