Hearing 648 21 The common stock and debt of Android Corp. are valued at 300 milion and $31 millon, respectively. Investors currently require a 15% on the common stock and a 6% return on the debt. There are no taxes Calculate the weighted average cost of capital Enter your anwer as a percentage rounded to two decimal plno. Do not include the percentage on in your answers Enter your response below 12.09 O Correct response 20.02 Click "Verily to proceed to the next part of the question Android Corp. issues an additional $12 million of debt and use this money to retire common stock what will be the expected return on the stock Recal that the WACC under the intal capital structure is 12.18. Assume that the change in capital structure does not affect the risk of the debt Enter your answer as a percentage rounded to two decimal places. Do not include the percentage sign in your answer Enter your response below Number Click "Verity to proceed Section Attempt 1 of 1 Verity Submit Assignment Quit & Save Back Question Menu