You are given the following information for Golden Fleece Financial: Long-term debt outstanding: $ 370,000 Current yield to maturity (rdebt): 10 % Number of shares of common stock: 13,500 Price per share: $ 50.70 Book value per share: $ 32 Expected rate of return on stock (requity): 17 % 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.)