Rumolt Motors has 13 million shares outstanding with a share price of $38 per share. ln addition, Rumolt has issued bonds with a total current market value of $320 million. Suppose Rumolt's equity cost of capital is 13%, and its debt cost of capital is 9%.

a. What is Rumolt's pretax weighted average cost of capital?

b. IfRumolt's corporate tax rate is 30%, what is its after-tax weighted average cost of capital?

a. What is Rumolt's pretax weighted average cost of capital?

Rumolt's pretax weighted average cost of capital is _%. (Round to two decimal places.)

b. lfRumolt's corporate tax rate is 30%, what is its after-tax weighted average cost of capital? Rumolt's after-tax weighted average cost of capital is _%. (Round to two decimal places.)