Rogot Instruments makes fine violins and cellos. It has

$1.1

million in debt outstanding, equity valued at

$2.7

million and pays corporate income tax at rate

21%.

Its cost of equity is

12%

and its cost of debt is

8%.

a. What is Rogot's pretax WACC?

b. What is Rogot's (effective after-tax) WACC?

a. What is Rogot's pretax WACC?

Rogot's pretax WACC is

nothing%.

(Round to two decimal places.)