Nine Point Industries has a capital structure of 40% debt and 60% common equity. This capital structure is expected not to change. The instax rate is 30% The firm can issue the following securities to finance capital investments Debt Capital can be raised through bank loans at a pretax cost of 9.1%. Also, bonds can be issued at a pretax cost of 9.1% Common Stock: Retained earnings will be available for investment. In addition, new common stock can be issued at the market price of Ses. Flotation comes will be per share. The recent common stock dividend was $7.97. Dividends are expected to grow at 4% in the future. What is the cost of capital if the firm uses bank loans and retained earings? SET YOUR CALCULATOR TO 4 DECIMAL PLACES, PLEASE INPUT THE ANSWER IN PERCENT ROUNDING IT TO 2 DECIMALS. DO NOT INCLUDESIGN E.G. INSTEAD OF 9.9911% INPUT 9.99