Answer format: Currency. Round to 2 decimal places AL 22 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 90-day Treasury Bd AL 0.84% S&P 500 Market Index 75046 The beta for the firm is 132 The firm is considering a capital budgeting project that will create a cash flow next year of $491,016.00. The project cash flows will grow by 4.00% each year for a 11.00-year period, and the cost of the project is $3,131,737 00 today What is an estimate for the current cost of capital? Submit Answer format: Percentage Round to 2 decimal places (Example 924% % sign required. Will accept decimal format rounded to 4 decimal places (ex 0.0924))