A company currently has no debt. Its cost of equity is 8.2% and its tax rate is 30%. It is considering restructuring to and maintaining a D/E ratio of 0.26. The firm's cost of debt, Rp, is estimated at 4.9% in that case. The cost of equity, Re, under the new capital structure is _ _%. Do NOT round intermediate work. Round your final answer to 2 decimal places (ex: if your answer is .123456 or 12.3456%, enter 12.35). Margin of error for correct responses: +/-.05 You Answered 8.8 Correct Answer 9.06 margin of error +/-0.05