The table below shows a book balance sheet for the Wishing Well Motel chain. The company's 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 $91 per share. The expected return on Wishing Well's common stock is 20%. (Table figures in $ millions.) $ 100 360 160 260 Bank loan $ Accounts payable Current $ liabilities Cash and marketable securities Accounts receivable Inventory Current assets Real estate Other assets Total 520 50 $ 410 2,250 150 $2,810 Long-term debt Equity Total 1,790 500 $2,810 Calculate Wishing Well's WACC. Assume that the book and market values of Wishing Well's 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 of capital %