The common stock and debt of Windows Phone Corp. are valued at $45 million and $31 million, respectively. Investors currently require a 19% return on the common stock and an 9% 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= Number Click "Verify" to proceed to the next part of the question.