6. Chapter Problem 10.10 (WACC), Section Problem 10.10 (WACC), Problem Problem 10.10 (WACC) ebook Olen Outfiters Inc believes that its optimal capital structure consists of 45% comman equity 55 debt and its tax rate is 25. Oisen must raise additional capital to fund is upcoming expansion. The form will have $1 million of retained earnings with a cost of 10 New common stock in an amount up to 59 milion would have a cost of ro - 13.0%. Furthermore, Olan can raise up to 53 million of debt at an interest mate 11% and an additional) million of debt - 134. The CFO estimates that a proposed expansion would require an investment of $5.0 million. What is the WACC for the last dolar raised to complete the expansion Hound your answer to two decimal places