Ursala, Incorporated, has a target debt$-$equity ratio of $1\mathrm{.}30.$ Its WACC is $8\mathrm{.}8$ percent, and the tax rate is $23$ percent.

If the company$$s cost of equity is $12$ percent, what is its pretax cost of debt?

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

If instead you know that the aftertax cost of debt is $6\mathrm{.}3$ percent, what is the cost of equity?

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