Oisen Outfitters inci believes that its optimal capital structure consists of 65% common equity and 35% debt, and its tax rate is 25%. Olsen must ralse additional cagital to fund its upcoming expansion. The firm will have $3 million of retained eamings with a cost of ry=13%. New common stock in an amount up to $8 million would have a cost of Te=16.0%. Furthemore, Olsen can raise up to 34 million of debt at an interest rate of rd=10 ald and an additional 35 million of debt at rd=11%, The CFo estimates that a proposed expansion would require an investment of 59.0 million. What is the WACC for the last dollar raised to complete the expanaion? Round your answer to two decimal places