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Given that the company receives $36,960,000 from the issue before paying the direct costs and that the cost from underpricing is $2,100,000, what are the total costs of the issue to the firm as a percentage of the funds raised (the total amount paid by investors for the company's portion of the shares)? Enter your answer as a percentage. Do not include the percentage sign in your answer. Number The common stock and debt of Windows Phone Corp. are valued at $59 million and $35 million, respectively. Investors currently require a 20% return on the common stock and a 6% return on the debt. There are no taxes. Calculate the weighted average cost of capital. Enter your answer as a percentage rounded to two decimal places. Do not include the percentage sign in your answers