You are given the following information:

Standard deviation of market returns is 20%

Standard deviation of Bugs Corp. stock returns is 35%

Correlation coefficient of Bugs Corp stock and the market returns is 0.65

The risk premium on the market index is 5.5%

Risk-free rate is 5%

Current FCF of Bugs Corp. is $11 million, and corporate tax rate is 40%

Bugs has Debt/Equity ratio of 0.5. The debt beta is zero.

Using the Capital Asset Pricing Model, calculate the required return of the stock (equity) of Bugs Corp.? Calculate the WACC of Bugs?