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Welling inc. has a target debt-equity ratio of 85 . Its WACC is 9.9%, and the tax rate is 35% a. If the company's cost

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Welling inc. has a target debt-equity ratio of 85 . Its WACC is 9.9%, and the tax rate is 35% a. If the company's cost of equity is 14%, what is its pre-tax cost of debt? (Do not round intermediate calculations. Enter your antwet as a percentage rounded to 2 decimal places.\} Cost of debt \%. b. If instead you know that the after-tax cost of debt is 6.8%, what is the cost of equity? (Do not round intermediete caleutabions. Enar your answer as a percentage rounded to 2 decimal places) Cost of equity %

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