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The common stock and debt of Windows Phone Corp. are valued at $77 million and $36 million, respectively. Investors currently require a 20% return on

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The common stock and debt of Windows Phone Corp. are valued at $77 million and $36 million, respectively. Investors currently require a 20% return on the common stock and a 5% 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

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