A firm has a capital structure of 100% equity. An analyst wants to estimate the current cost of capital for the firm. He has collected some financial data shown in the table below: FINANCIAL INSTRUMENT RETURN OR YIELD TO MATURITY 0.96% 90-day Treasury Bill S&P 500 Market Index 8.14% The beta for the firm is 1.43. The firm is considering a capital budgeting project that will create a cash flow next year of $513,376.00. The project cash flows will grow by 4.00% each year for a 10.00-year period, and the cost of the project is $3,121,198.00 today. What is an estimate for the current cost of capital? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required Will accept decimal format rounded to 4 decimal places (ex: 0.0924)