Sixx AM Manufacturing has a target debt?equity ratio of 0.65. Its cost of equity is 20 percent, and its cost of debt is 8 percent. If the tax rate is 35 percent, the company's WACC is_________ percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

Southern Alliance Company needs to raise $21 million to start a new project and will raise the money by selling new bonds. The company will generate no internal equity for the foreseeable future. The company has a target capital structure of 70 percent common stock, 9 percent preferred stock, and 21 percent debt. Flotation costs for issuing new common stock are 11 percent, for new preferred stock, 6 percent, and for new debt, 4 percent. The true initial cost figure Southern should use when evaluating its project is $______________. (Do not include the dollar sign ($). Do not round the weighted average floatation cost. Round your answer to the nearest whole dollar amount. (e.g., 32))