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The common stock and debt of Windows Phone Corp. are valued at $48 million and $21 million, respectively. Investors currently require a 10% return on

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The common stock and debt of Windows Phone Corp. are valued at $48 million and $21 million, respectively. Investors currently require a 10% 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 = Number Click "Verify" to proceed to the next part of the question. Section Attempt 1 of 1 Verify

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