44 FM Foods, Inc. Facts and assumptions as of Dec. 31, 2017 Cost of equity 14.3% Interest rate on company long-term 4.5% bonds Stock price $ Number of shares outstanding 274 (millions) Book value of equity 5,107 (millions) Book value of interest-bearing $ 1,209 debt (millions) Tax rate 27% $ $ Please refer to the information for FM Foods above. Estimate FM's weighted-average cost of capital. (Round to 1 decimal place)