Crypton Electronics has a capital structure consisting of 35%common stock and 65

Crypton Electronics has a capital structure consisting of 35%common stock and 65% debt. A debt issue of $1000 par value 5.9%bonds that mature in 15 years and pay annual interest will sell for$974. Common stock of the firm is currently selling for $29.95 pershare and the firm expects to pay a $2.22 dividend next year.Dividends have grown at the rate of 5.4% per year and are expectedto continue to do so for the foreseeable future. What is Cryptonscost of capital where the firms tax rate is 30%? Cryptons cost ofcapital is ___%. (Round to three decimal places.)