Oisen Outhitters tnci, believes that its optimal capital structure consists of 70% common equity and 30% debt, and its tax rate is 25%. Olsen must raite additionaf capital to fund its upcoming expansion. The firm will have $2 million of retained eamings with a cost of rx=11%. New common stock in an amount up to $7 million would have a cost of ra=12.0%. Furthermore, Olsen can reise up to 13 million of debt at an interest rate of rt=10% and an additional $5 million of debt at rd=12%. The CFO estimates that a proposed expansion would require an investment of 36.8 milion. What is the Wace for the last dollat ralsed to complete the expansion? Round your answer to two decimal piaces