B eBook Olsen Outfitters Inc, believes that its optimal capital structure consists of 60% common equity and 40% debt, and its tax rate is 25%. Olsan must raise additional capital to fund its upcoming expansion. The firm will have $1 million of retained earnings with a cost of Fs - 13%. New common stock in an amount up to $8 million would have a cost of te-15.0%. Furthermore, Olsen can raise up to $4 million of debt at an interest rate of ra = 11% and an additional $4 milion of debt atra - 15%. The CFO estimates that a proposed expansion would require an investment of $4.6 million. What is the WACC for the last dollar raised to complete the expansion? Round your answer to two decimal places