Merk is currently all-equity financed with a value of $56 million and cost of equity of 9%. Assume the market is perfect, what is the new cost of equity for Merk, if its capital structure is changed to include $32 million of debt with a cost of debt of 3% ? Answer in percent points and include four decimal places; do not include the ' % ' in your answer, e.g., 10.1234 would be entered if the answer was 10.1234%. Your