You are hired to replace Samson as Finance Manager at Fun-land Corporation. You are given the following information concerning Fun-land Corporation:

Debt: 12,000 bonds outstanding that pay $28.5 semi-annual coupon payments, with 15 years to maturity. The bond currently sells for 95 percent of its face value of $1,000. The corporate tax rate is 28%.

Common stock: 235,000 shares of common stock currently selling for $56.5 per share. The stock will pay dividend of $3.5 next year. The dividend is expected to grow by 4 percent per year indefinitely.

1. (b) Calculate the cost of equity and after-tax cost of debt of Fun-land Corporation respectively. [in % with 2 decimal places.]

2. (c) Calculate the companys WACC. [in % with 2 decimal places.]

please show me the formula and the working steps thanks!