Peter Johnson, the CFO of Homer Industries, Inc is trying to determine the Weighted Cost of Capital (WACC) based on two different capital structures under consideration to fund a new project. Assume the company's tax rate is 30%.

ComponentScenario 1Scenario 2Cost of CapitalTax RateDebt$5,000,000.00$2,000,000.008%30%Preferred Stock1,200,000.002,200,000.0010%Common Stock1,800,000.003,800,000.0013%Total$8,000,000.00$8,000,000.00

1-a.Complete the table below to determine the WACC for each of the two capital structure scenarios.(Enter your answer as a whole percentage rounded to 2 decimal places (e.g. .3555 should be entered as 35.55).)