Use the following information to answer all questions related to the WACC. Report all weights and all percentages displaying two decimal places (e.g., 3.33 percent rather than 0.03). Lonestar Corporation's balance sheet indicates $3,000,000 of assets and $1,800,000 of equity. Costs of debt and equity are 6.50 percent and 12.00 percent, respectively, and the marginal tax rate is 21 percent. Calculate only the weighted cost of equity