Question 7 1 pts Waller, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 13 years to maturity that is quoted at 104.5 percent of face value. The issue makes semiannual payments and has a coupon rate of 9 percent. The tax rate is 38 percent Enter your answers as a percent rounded to 2 decimal places. e.g., enter 32.16% as 32.16, not 0.3216. Hint. Solve for the YTM and adjust for taxes. The after-tax cost of debt is % Hint: Use a financial calculator to solve for the yield to maturity of the bands. Remember the negative sign on the price. Remember to divide/multiply by 2 when entering the PMT and N. Compute I and multiply by 2 to get the yield to maturity (ann). Then multiply by 1-taxrate to get the after-tax cost Question 8 1 pts Sixx AM Manufacturing has a target debt-equity ratio of 0.55. Its cost of equity is 19 percent, and its cost of debt is 8 percent. If the tax rate is 38 percent, what is the company's WACC? Enter your answer as a percent rounded to 2 decimal places, e.g., enter 32.16% as 32.16, not 0.3216. Hint: First convert the debt/equity ratio to debt/total and equity/totalv. To do this assume Equity is 100, and so Debt is 55. Then, plug into the WACC formula WACC = DN X RD x (1-t) + E/V * RE 14.02