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The common stock and debt of Windows Phone Corp. are valued at $72 million and $39 million, respectively. Investors currently require a 10% return on

The common stock and debt of Windows Phone Corp. are valued at $72 million and $39 million, respectively. Investors currently require a 10% return on the common stock and a 8% 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

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