ack to Assignment Attempte Average / 1 7. Problem 10.10 (WACC) eBook Olsen Outfitters Inc believes that its optimal capital structure consists of 65% common equity and 35% debt, and its tax rate is 25%. Oisen must raise additional capital to fund its upcoming expansion. The firm will have $1 milion of retained earnings with a cost of -11%. New common stock in an amount up to $6 million would have a cost of ro 12.5% Furthermore, Olsen can raise up to $2 million of debt at an interest rate of is 9% and an additional $4 million of debt at 10%. The CFO estimates that a proposed expansion would require an investment of 54.6 million What is the WACC for the last dollar raised to complete the expansion? Hound your answer to two decimal places Grade it Now Save & Continue Continue without saving