Assume a not-for-profit skilled nursing facility chain has a target capital structure that is 45 percent...

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Assume a not-for-profit skilled nursing facility chain has a target capital structure that is 45 percent debt and 55 percent equity. Assume the chain plans to finance a new project with 50 percent debt and 50 percent equity. The marginal cost of debt is 8 percent, and the marginal cost of equity is estimated to be 14 percent. What is the organization's corporate cost of capital? Round your answer to two decimal points. Assume a not-for-profit skilled nursing facility chain has a target capital structure that is 45 percent debt and 55 percent equity. Assume the chain plans to finance a new project with 50 percent debt and 50 percent equity. The marginal cost of debt is 8 percent, and the marginal cost of equity is estimated to be 14 percent. What is the organization's corporate cost of capital? Round your answer to two decimal points.