Scanlon Inc.'s CFO hired you as a consultant to help her estimate the cost of capital. You have been provided with the following data: Risk free rate = 4.4%; The market risk premium is estimated to be 4%; and the company's beta = 0.7. Based on the CAPM approach, the cost of equity from retained earnings is _____ %. Show 2 decimals. E.g. 9.99%

You were hired as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equity. The interest rate on new debt is 6.6%, the yield on the preferred is 6.00%, the cost of retained earnings is 11.25%, and the tax rate is 40%. The firm will not be issuing any new stock. Quigley's WACC is ______ %. (enter two decimals. E.g. 9.99%)