Question 21 1 pts Michael's has a debt equity ratio of 6 and a tax rate of 35 percent. The firm does not preferred stock. The cost of equity is 14.5 percent and the aftertax cost of debitis 4 percent What is the weighted average cost of capital? 10.36% 10.67% 10.46% 11.57% 11.38% Question 22 1 pts The Market Outlet is an all-equity financed firm with a beta of 1.38 and a cost of equity of 14.945 percent. The risk-free rate of return is 4.25 percent. What discount rate should the form assign to a new project that has a beta of 1.25? 13.94% 13.54% 14.14% 14.36%