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The common stock and debt of Windows Phone Corp. are valued at $68 million and $24 million, respectively. Investors currently require a 16% return on

The common stock and debt of Windows Phone Corp. are valued at $68 million and $24 million, respectively. Investors currently require a 16% 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. Enter your response below. Number Click "Verify" to proceed to the next part of the

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