Soved

Ninecent Corporation has a target capital structure of $75$ percert common stock, $10$ percent preferred stock, and $15$ percent debt. Its cost of equity is $10$ percent, the cost of preferred stock is $6$ percent, and the pretar cost of debt is $7$ percent. The relevant tax rate is $22$ percent.

o$.$ What is the company's WACC?

Note: Do not round intermediote calculations and enter your answer os o percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ What is the aftertax cost of debt?

Note: Do not round intermediate colculations and enter your answer as a percent rounded to $2$ decimal ploces, e$.$g$.,32\mathrm{.}16.$

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