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You are given the following information for Golden Fleece Financial: Long-term debt outstanding: $ 390,000 Current yield to maturity (rdebt): 6 % Number of shares

You are given the following information for Golden Fleece Financial: Long-term debt outstanding: $ 390,000 Current yield to maturity (rdebt): 6 % Number of shares of common stock: 14,500 Price per share: $ 50.90 Book value per share: $ 34 Expected rate of return on stock (requity): 13 % Calculate Golden Fleece's company cost of capital. Ignore taxes. (Do not round intermediate calculations. Enter your answer as a percent

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