Quantitative Problem: Barton Industries expects that its tanget capital structure for raising funds in the future for its capital budget will consist of 40% debt, 5% preferred stock, and 55% common equity. Note that the firm's maginal tax rate is 25%. Assume that the firm's cost of debt, re, is 10.5%, the firm's cost of preferred stock, r, is 9.7% and the firm's cost of equily is 13.1% for old equity, fs, and 13.7% for new equity, te. What is the firm's weighted average cost of capital (WACC.) if it uses retained earnings as its source of common equity? Do not round intermediate calculations, Round your answer to two decimal places. % What is the firm's weighted averape cost of capital (WACC2) if it has to issue new common stock? Do not round intermediate calculations, Round your answer to two decimal places