.Wrentham Inc. has two divisions of equal size. Division A has a beta of0.93, while Division B has a beta of 1.57. Wrentham has no debt, and is completely equity financed. The real risk-free rate is 6.5%, and the market risk premium is 5.3%. The cost of capital for Wrentham is 16%. The projects in indivision A are discounted at A’s required return, and division B’s projects are discounted at B’s required return. Calculate the cost of equity for the two divisions. (Do not round intermediate calculations).