Olsen Outfitters Inc. believes that its optimal capital structure 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 $2 million of retained earnings with a cost of rs=11%. New common stock in an amount up to $7 million would have a cost of re=13.5%. Furthermore, Olsen can raise up to $4 million of debt at an interest rate of rd=10% and an additional $6 raised to complete the expansion? Round your answer to two decimal places