Sixth Fourth Bank has issued both stocks and bonds. The current market value of the stocks and bonds are 200 million and 100 million, respectively. The bank's equity beta is 1.5. The risk-free rate is 4%, and the market risk premium is 6%. The bank's before-tax debt cost of capital is 5%. Corporate tax is 40%. (Keep two digits if the answer is not an integer).

What is the bank's cost of equity?

What is the bank's WACC?