The table below shows a book balance sheet for the Wishing Well Motel chain. The companys long-term debt is secured by its real estate assets, but it also uses short-term bank loans as a permanent source of financing. It pays 10% interest on the bank debt and 8% interest on the secured debt. Wishing Well has 10 million shares of stock outstanding, trading at $85 per share. The expected return on Wishing Wells common stock is 19%. (Table figures in $ millions.)

Cash and marketable securities	$	130		Bank loan	$	300
Accounts receivable		200		Accounts payable		140
Inventory		50		Current liabilities	$	440
Current assets	$	380
Real estate		1,950		Long-term debt		1,740
Other assets		150		Equity		300
Total	$	2,480		Total	$	2,480

Calculate Wishing Wells WACC. Assume that the book and market values of Wishing Wells debt are the same. The marginal tax rate is 21%. (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)

Weighted average cost capital _______