laxington Corporation wants to maintain its capital structure of 40% debt and 60% equity. The firm's tax rate is 34%. The form carn issue the following securities to finance the investments: Bonds: Borch can be issued at a pre-tax cost of 10.2 percent. Bank loans can be issued at a pre-tax cost of 9.1 percent. Common Equity: Some retained earnings will be available for investment. In addition, new common stock can be issued at the market price of $50. Flotation costs will be $2 per share. The recent common stock dividend was $7.37. Dividends are expected to grow at 6% in the future. What is the cost of capital using bonds and internal equity? PLEASE INPUT THE ANSWER IN PERCENT ROUNDING IT TO 2 DECIMALS. DO NOT INCLUDE % SIGN, EG, INSTEAD OF 9.9922% INPUT 9,99