You have the following information about Burgundy Basins, a sink manufacturer.

Equity shares outstanding $20$ million

Stock price per share $ $41$

Yield to maturity on debt $5\mathrm{.}5\%$

Book value of interest$-$bearing debt $ $360$ million

Coupon interest rate on debt $4\mathrm{.}6\%$

Market value of debt $ $255$ million

Book value of equity $ $430$ million

Cost of equity capital $12\mathrm{.}2\%$

Tax rate $35\%$

Burgundy is contemplating what for the company is an average$-$risk investment costing $$42$ million and promising an annual ATCF of $$5\mathrm{.}1$ million in perpetuity.

What is the internal rate of return on the investment?

Note: Round your answer to $2$ decimal places.

What is Burgundy's weighted$-$average cost of capital?

Note: Round your answer to $2$ decimal places.