You are a financial analyst tasked with verifying the company's financial metrics. The CFO has given you the company's WACC as 7.41%, Capitalization structure is 30% debt and 70% equity. The after-tax cost of debt is 4.29%. What is the implied cost of equity? Enter your answer in percent, rounded to the nearest 0.01%. QUESTION 2 The Midtown Threading Salon Inc. is considering expanding locations. Its capital structure is 70% equity and 30% debt. Its cost of equity is 10.89 and its after-tax cost of debt is 4.76 . What is its WACC, in percent, rounded to the nearest 0.01%, (don't include the "\%")