Olsen Outfitters Inc. 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 upcoming expansion . The firm will have 4 million of retained earnings with a cost of rs = 12%. New common stock in an amount up to $10 million would have a cost of re = 15.0% . Furthermore , Olsen can raise up to $4 million of debt at an interest rate of rd 9% and an additional $3 million of debt at rd 11% The CFO estimates that proposed expansion would require an investment of $7.4 million . What is the WACC for the last dollar raised to complete the expansion Round your answer to two decimal places.

son O Outerine beleve toplumalapit structure cost of 65% common culty and 35 out, and its tax rate is 40 Olsen must rasedactond its upcoming expansion. The firm will have to tancam wehs tout of 12 New con camount up to 110 mon would have a cost of - 15.0 Portor, en canto 14 million of an interest rate -9'd dona 3 min ft 114 The CFO estimates that proposed as wir investment of $7.4 milion What the WACC for dolar rated to complete Round your answer to two decimal places