Omega Corporation has 10.8 million shares outstanding, now trading at $63 per share. The firm has estimated the expected rate of return to shareholders at about 14%. It has also issued long-term bonds at an interest rate of 10% and has a debt value of $240 million. It pays tax at a marginal rate of 21%.

a. What is Omegas after-tax WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

b. What would WACC be if Omega used no debt at all? (Hint: For this problem, you can assume that the firms overall beta [A] is not affected by its capital structure or by the taxes saved because debt interest is tax-deductible.) (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)