You have gathered the following information about your firm: . Current Stock Price (Common) ==> $49 Forecasted Dividend (D1) ==> $1.01 Beta ==> 0.4 YTM on Debt ==> 5.23% Coupon Rate on Debt ==> 7.05% Treasury Bond Yield ==> 4.23% Growth Rate on Dividends ==> 5% Expected Return on the Market ==> 8% Risk Premium for Stocks over Bonds ==> 3.2% Based on this, estimate the cost of common stock financing based on the Security Market Line (SML) approach. Round to 2 decimal places in percentage terms