Suppose Apple Inc. is issuing new common stock at a market price of $21. The company gave $0.53 dividend last year and expects it to grow at an annual rate of 3.3% in the foreseeable future. If the flotation costs is expected to be 1.8% of market price of the stock then, what is company's cost of equity? (State your answer in percentage with two decimal point) Suppose Uber inc. is planning to issue some $1,000 par value, 8 years, 2% coupon bond and will be sold at a price of $947. If the company expects to incur a flotation cost of 3% of the par value and its marginal tax rate is 22% percent then what is the annual after-tax cost of debt to the company on this issue? (Enter the answer in terms of percentage but do not inter the "\%" sign and round your answer to two decimal point)