eBook Olsen Outfitters Inc, believes that its optimal capital structure consists of 65% common equity and 35% debt, and its tax rate is 25%. Olsen must raise additional capital to fund its upcoming expansion. The firm will have $1 million of retained earnings with a cost of 12%. New common stock in an amount up to 6 million would have a cost of re-15.0% Furthermore, Olsen can raise up to $4 million of debt at an interest rate of r- 10% and an additional $4 million of debt at 14, The Cro estimates that a proposed expansion would require an investment of 14.0 million. What is the WACC for the last dollar raised to complete the expansion Round your answer to two decimal places Grade it Now Save & Continue Continue without saving