Eastman has 136,200,000 shares of stock outstanding. The stock sells for $53.74. The market risk premium is at 7% and beta is 1.25. T-bills are paying about 0.05%. Eastman declared $1.04 per share and is expected to grow 7.67% for the next five years. The company's debt is $1,661,000,000, with yield of 3.81%. If the company's tax rate is 35%, what is Eastman's cost of capifal? Interpret.