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The common stock and debt of Android Corp. are valued at $50 million and $33 million, respectively. Investors currently require a 16% return on the

The common stock and debt of Android Corp. are valued at $50 million and $33 million, respectively. Investors currently require a 16% return on the common stock and an 3% return on the debt. There are no taxes.

Calculate the weighted 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.

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