You are given the following information for Golden Fleece Financial: Long-term debt outstanding Current yield to maturity (rdebt) Number of shares of common stock: Price per share Book value per share Expected rate of return on stock (equity) 310,000 9% 10,500 $50.10 $26 16% Calculate Golden Fleece's company cost of capital. Ignore taxes. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Cost of capital