Rumolt Motors has $32$ million shares outstanding with a share price of $$32$ per share. In addition, Rumolt has issued bonds with a total current market value of $$322$ million. Suppose Rumolt's equity

cost of capital is $14\%,$ and its debt cost of capital is $11\%.$

a$.$ What is Rumolt's pretax WACC?

b$.$ If Rumolt's corporate tax rate is $20\%,$ what is its after$-$tax WACC?

a$.$ What is Rumolt's pretax WACC?

Rumolt's pretax WACC is

$\%.($Round to two decimal places.$)$