Quazar Industries is made up of two separate divisions. Division X, on average, presents less risk so its projects are assigned a discount rate equal to the firm's WACC minus 1.1 percent. Division Y has more risk and its projects are assigned a rate equal to the firm's WACC plus 0.4 percent. The company has a debt-equity ratio of 0.69 and a tax rate of 32 percent. The cost of equity is 15.3 percent and the aftertax cost of debt is 5.7 percent. What discount rate should be assigned for Division X and for Division Y ? Division X:% Division Y:%