Saved 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 11% interest on the bank debt and 9% Interest on the secured debt. Wishing Well has 10 million shares of stock outstanding, trading at $80 per share. The expected return on Wishing Well's common stock is 19%. (Table figures in $ millions.) $ Bank loan Accounts payable Current liabilities 250 120 370 $ Cash and marketable securities Accounts receivable Inventory Current assets Real estate Other assets Total 5 30 150 50 280 1,700 140 2,120 Long-term debt Equity Total 1,550 200 $ 2,120 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