Assume a not-for-profit skilled nursing facility chain has a target capital structure that is 50 percent debt and 50 percent equity. Assume the chain plans to finance a new project with 40 percent debt and 60 percent equity. The marginal cost of debt is 10 percent, and the marginal cost of equity is estimated to be 15 percent. What is the organization's corporate cost of capital? Round your answer to two decimal points. Do not enter the % sign as it could results into a 0 and wrong your answer.