Oken Outitters Inc: believes that its optimal capital stocture consists of 70% common equity and 30% debt, and its tax rate is 25%. Olsen must raise additional capital to fund its upcoming expansion. The firm will have 51 milison of retained esmings with a cost of rt=11. New common stock in an amount up to $8 million would have a cost of r. =12.5%. Furthermore, oisnn can raise up to 54 milion of debt at an interest rate of rd =94 and an additional 15 million of debt at fo = 13%. The CFO estimates that a proposed expansion nould require an investenent of 48.4 millioo. What is the Wace for the tast dolise ralved to complete the expantion? Round your answer to two decimal places