Oisen Outfitters lac. believes that its optimal capital structure consists of 65% common equity and 35% debt, and its tax rate is 40%. Oisen must raise additiona: capital to fund its upcoming expansion. The firm will have 51 million of retained earnings with a cost of fs=12%. New common stock in an amount up to 59 million would have a cont of r==14.04, Furthecmore, Oisen can raise up to 54 million of debt at an interest rate of ro =11 and an additional $5 million of debt at rif = 147. The Cro estimates that a proposed expansion would require an investment of $10.3 milion. What is the WAcC for the last dollar raised to complete the exparsion? Round your answer to two decimal places