modules/unproctored Test QuestionSheet The common stock and debt of ios Corp we valued at $16 million and $22 million, respectively investors currently require a 15% return on the common stock and a return on the debt. There are no taxes Calculate the weghted average cost of capital Enter your answer as a percentage Do not include the percentage sign in your answers Enter your answer rounded to 2 DECIMAL PLACES WACC = 12.41 Correct respon 12.410.01 Click Vanity to proceed to the next part of the question iOS Corp issues an additional 58 milion of debt and uses this money to retire common stock, what will be the expected return on the stock? Assume that the change in capital structure does not affect the risk of the debt, and recall that the WACC under the initial capital structure is 12 41% Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your answer rounded to 2 DECIMAL PLACES Number Click Verity to proceed to the next part of the question Section Attempt 1 of 1 Submit Assignment Quit & Save Back Question Menu O E ENG 431 PM 2020-07-22