please do both :)

A local firm without any debt has an overall cost of capital of 14.0 percent. The firm plans to implement a new capital structure with 35.0 percent debt where the cost of debt would be 7.0 percent. The corporate tax rate is 21 percent. What would be the cost of equity with the new capital structure? O 17.59 percent O 15.94 percent 18.55 percent 16.98 percent Question 9 4 pts A regional firm has $150,000 of debt outstanding that is selling at par with a coupon rate of 7.00 percent. If the tax rate were 21.0 percent, what is the present value of the tax shield on debt? O $2.205 O $29,439 O $31.500 $24,885