You are a business advisor for Teddy Bears Corporation. You were asked to help find company discount rate. The company has a loan of $20 million with 7% interest. The company's 400,000 common stocks are traded at $103 per share. The beta of the stocks is 1.02. The effective corporate tax rate is 28%. The market risk premium is given as 9.4%, and the current Treasury bill rate is 3.2%. Calculate the discount rate the company will use to evaluate its projects. Please, input just a number with two decimals. For example, for 8.2% input "8.20