You have gathered the following information about your firm: Current Stock Price (Common) ==> $47 Forecasted Dividend (D1) ==> $2.95 Beta ==> 1.8 YTM on Debt ==> 6.66% Coupon Rate on Debt ==> 7.24% Treasury Bond Yield ==> 2.63% Growth Rate on Dividends ==> 2.2% Expected Return on the Market ==> 8.2% Risk Premium for Stocks over Bonds ==> 5% . . 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