Attempts: Keep the Highest 10. Problem 10.10 Click here to read the eBook: Base Dentions WACC Olsen Outfitters Inc. believes that its optimal capital structure consists of 30 common equity and 70 debt, and its tax rati o n must readtional capitato and its com expansion. The rm will have $1 million of retained eamings with a cost of rs - 13 New common stock in an amount up to $9 milion would have a cost of - 15 Furthermore, Olsen raise up to 4 million of cabt at an interest rate of new and an additional 3 million of debt at rs 10, The CFO estimates that proposed expansion would require an investment of milion. What is the WACC for the last dolar raised to complete the expansion? Round your answer to two decimal places Continue wintig of The Crow n 14