Quantitative Problems florton industries expects that its target capical structure for raising funds in the future for its capital budget will consist of 40% debt, 5% preferred stock, and 55% common equity. Note that the firm's marginal tax rate is 25%. Assume that the firm's cost of debt, re is 9.2%, the firm's cost of preferred stock, ro, is 8.4% and the firm's. cost of equity is 11.8% for old equity, Psy and 12.1% for new equity, r0. What is the firm's weighted averoge cost of capital (WaCC 1 ) if it uses retained earnings as its source of common cquity? Do not round intermediate calculations, Round your answer to two decimal places. What is the firm's weighted averape cost of copltal (WACC.) it it has to issue new common stock? Do not round intermedate calculations. Round your answer to two decimal places