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The common stock and debt of Windows Phone Corp. are valued at $62 million and $23 million, respectively. Investors currently require a 15% return on

The common stock and debt of Windows Phone Corp. are valued at $62 million and $23 million, respectively. Investors currently require a 15% return on the common stock and an 5% return on the debt. There are no taxes.

Calculate the weighted average cost of capital. Enter your answer as a percentage.

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