Oisen Outriters Inc. believes that its optimal capital structure consists of 65% coinmon equity and 35% debt, and its tax rate is 25%. Olsen must raise additional capital to fund its upeoming expansion. The firm will have $3 millon of retained earnings with a cost of rs w. 13%. New common stock in an amount. up to $7 million would have a cost of re=15,5%. Furthermore, Olsen can raise up to $3 million of debt at an interest rate of fa = 114 and an ade tienal $5 milson of debt at rd = 15%. The 6 Fo estimates that a proposed expansion would require an investment of $5:2 million. What is the wacc for the Iast dollar: raised to complete the expansion? Round your answer to two decimal places