Question 19 The discount rate used to value a company's equity was 13.87%. At the time this discount rate was estimated, the company had a debt-free capital structure. Then the firm issued debt, repurchased shares, and moved to a 48% debt-to-value (D/V) ratio. What was the company's weighted-average cost of capital at the new capital structure? The borrowing rate was 5.54% and the tax rate is 35%. [Enter your answer in percentage points, rounded to two decimal places. For example, if your answer is 0.1002, enter "10.02"]