The simplified balance sheet for Rensselaer Felt (in thousands) is as follows:

Cash and marketable securities	$3,100		Short-term debt	$77,200
Accounts receivable	121,600		Accounts payable	63,600
Inventory	126,600		Current liabilities	$140,800
Current assets	$251,300
Property, plant, and equipment	306,800		Long-term debt	210,200
			Deferred taxes	46,600
Other assets	87,400		Shareholders' equity	247,900
Total	$645,500		Total	$645,500

The debt has an interest rate of 7.50% (short term) and 9.50% (long term). The expected rate of return on the company's shares is 16.50%. There are 7.62 million shares outstanding, and the shares are trading at $40. The tax rate is 35%. Assume the company issues $50 million in new equity and uses the proceeds to retire long-term debt. Also assume the the company's borrowing rates are unchanged and the short-term debt is permanent.

Calculate the cost of equity after the capital restructuring. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Cost of equity %

Calculate the WACC after the capital restructuring. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

WACC %