Assume Skyler Industries has debt of $$4,008,381$with a cost of capital of $6\mathrm{.}3\%$ and equity of $$5,960,783$ with a cost of capital of $5\mathrm{.}5\%.$

What is Skyler$$s weighted average cost of capital for equity? Round to the nearest hundredth, two decimal places and submit the answer in a percentage.