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

Equity shares outstanding	20	million
Stock price per share	$ 45
Yield to maturity on debt	9.5%
Book value of interest-bearing debt	$ 380	million
Coupon interest rate on debt	5.0%
Market value of debt	$ 275	million
Book value of equity	$ 470	million
Cost of equity capital	13.0%
Tax rate	35%

Burgundy is contemplating what for the company is an average-risk investment costing $50 million and promising an annual ATCF of $5.5 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.