Blank company has one project available with the forecasted cash flows in one year shown below. The project risk requires a return of 10.83%. Blank borrowed $11,804 at 5.1% to make the investment and financed the rest of the project by issuing equity.
DemandCash Flows
Weak$22,925
Expected$28,248
Strong$45,000
After borrowing and issuing equity to finance, the project actually resulted in Weak demand. Find the return to debt holders. Input your answer as a percentage and round your final answer to two decimal places. (i.e., 0.102345 = 10.23% ==> type 10.23).