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The common stock and debt of Windows Phone Corpare valued at $10 million and 533 million resectively. Investors currency require a return on the common

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The common stock and debt of Windows Phone Corpare valued at $10 million and 533 million resectively. Investors currency require a return on the common stock and return on the debt. There are notre Calculate the weighted average cost of capital. Enter your answer as a percentage rounded to two decimal places. Do not include the percentages on in your answers Enter your response below. 13.03 correct response: 13.0320.02 Click "Venly to proceed to the next part of the question i Windows Phone Corp issues an additional $10 million of debt and uses this money to retire common stock, what will be the expected retum on the stock? Recall that the WACC under the inital capital structure is 13.03 Assume that the change in capital structure does not affect the risk of the debt Enter your answer as a percentage rounded to wo decimal places. Do not include the percentage sign in your answer. Enter your response below, Number Click "Verity to proceed

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