The common stock and debt of Windows Phone Corp. are valued at $$45$ million and $$21$ million, respectively. Investors currently require a $11\%$ return on the common stock and an $4\%$ 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$=$

Correct response: $8\mathrm{.}77+-0\mathrm{.}02$

Click "Verify" to proceed to the next part of the question. This question has $3$ parts, so you will be clicking verify $3$ times. stock? Assume that the change in capital structure would not affect the risk of the debt, and recall that the WACC under the initial capital structure is $8\mathrm{.}77\%.$ Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your answer rounded to $2$ DECIMAL PLACES.

$r_E=$