Here are book$-$ and market$-$value balance sheets of the United Frypan Company $($figures in $ millions$)$:

Book$-$Value Balance Sheet

Net working capital $ $30$ Debt $ $50$

Long$-$term assets $70$ Equity $50$

$ $100$ $ $100$

Market$-$Value Balance Sheet

Net working capital $ $30$ Debt $ $50$

Long$-$term assets $160$ Equity $140$

$ $190$ $ $190$

Assume that MM$$s theory holds except for taxes. There is no growth, and the $$50$ of debt is expected to be permanent. Assume a $21\%$ corporate tax rate.

What is United Frypan$$s after$-$tax WACC if rDebt$=7\mathrm{.}8\%$

and rEquity$=15\mathrm{.}2\%$

Note: Do not round int?ermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.

Now suppose that Congress passes a law that eliminates the deductibility of interest for tax purposes after a grace period of $5$ years. What will be the new value of the firm, other things equal? Assume an $7\mathrm{.}8\%$ borrowing rate.

Note: Do not round intermediate calculations. Enter your answer in million rounded to $2$ decimal places.