Sparks Inc stock has a current market price of $45 and 44 million shares outstanding. The stock's expected rate of return according to the CAPM is 13.3%. Sparks Inc bonds have a current market price of 106.9% of par, yield-to-maturity of 6.5%, and a total par value of $471 million. The firm's tax rate is 17%. If there are no other classes of securities, what is the firm's WACC? Enter your answer as a decimal and show four decimal places. For example, if your answer is 9.25%, enter .0925. Warner Corp's investors require a return of 11.6% on the company's stock. You expect the stock to pay annual dividends of $2.33 and $3.82 in each of the next two years, with the first dividend payment occurring one year from today, and a stock price of $37 immediately after the stock pays the second annual dividend (i.e., exactly two years from today). What is a fair price for Warner's stock today? Round your answer to the nearest penny