Maga Rehab Hospital, a not-for-profit corporation, is estimating its corporate cost of capital. Its tax-exempt debt currently requires an interest rate of 9.5 percent, and its target capital structure calls for 25 percent debt financing and 75 percent equity (fund capital) financing. The estimated costs of equity for selected investor- owned healthcare companies are as follows: GlaxoSmithKline 15.00% Long-Term Care Corporation 16.40% Ndoungue Regional Memorial Teaching Hospital 17.80% HealthSouth Rehab Hospital 18.00% Humana 18.80% Using the best estimate of the cost of equity of the corporations provided what is Morningside Nursing Home Corporation's corporate cost of capital (CCC). Round your answer to two decimal points. Do not enter the % sign as it could results into a 0 and wrong your answer.