The common stock and debt of ios Corp, are valued at $41 milion and $33 million, respectively. Investors currently require a 11% return on the common stock and an 7% 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 WACC 9.22 Correct responser 9.220.02 Click "Vority to proceed to the next part of the question. This question has 3 parts, so you will be clicking verily 3 times. MiOS Corp. issues an additional $13 million 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 9.22%. Enter your answer as a percontage. 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 Verify