Your firm is planning to invest in an automated packaging plant. Harburtin Industries is an all-equity firm that specializes in this business. Suppose Harburtin's equity beta is 0.81, the risk-free rate is 5%, and the market risk premium is 5%. a. If your firm's project is all-equity financed, its cost of capital is ______%

(Please write percentage as a number with two decimal places, no "%" sign. e.g. write "12.34%" as "12.34")