Olsen Outfitters Inc believes that its optimal capital structure consists of 65% common equity and 35% debt and its tax rate is 10%. Olsen must raise additional capital to fund its upcoming expansion. The firm will have $1 million of retained earnings with a cost of 119 New common stock in an amount up to $7 million would have a cost ofte - 13.0%. Furthermore, Olsen can raise up to 4 million of debt of an interest rate of 04 and an additional $5 million of debt att - 12 The CFO estimates that a proposed expansion would require an investment of 583 million What is the WACC for the last dollar raised to complete the expansion Round your Swer to two decimal places eBook Olsen Outfitters Inc, believes that its optimal capital structure consists of 65% common equity and 35% debt, and its tax rate is 40%. Olsen must raise additional capital to fund its upcoming expansion. The firm will have $1 million of retained earnings with a cost off, -11%. New common stock in an amount up to $7 million would have a cost of t. - 13.0%. Furthermore, Olsen can raise up to $4 million of debt at an interest rate of ra -9% and an additional $5 million of dubtat 4 - 12. The CFO estimates that a proposed expansion would require an investment of $8.3 million, What is the WACC for the last dolfar raised to complete the expansion Round your answer to two decimal places