Please assist with answering the 2 questions in the attachment.

Problem 9-11 Choosing the Right Cost of Capital 9.1 Choosing the Right Discount Rate A firm has an asset base with a market value of $5.4 million. Its debt is worth $2.5 million. If $0.9 million is paid in interest annually and the shareholders expect a 16% annual return, what is the weighted average cost of capital assuming no corporate taxes? Round your answer to two decimal places. Answer: What is the WACC if corporate taxes are 45%? Round your answer to two decimal places