value: 0.00 points 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 13% interest on the bank debt and 11% interest on the secured debt. Wishing Well has 10 million shares of stock outstanding, trading at $85 per share. The expected return on Wishing Well's common stock is 18%. (Table in $ millions) Cash and marketable securities Accounts receivable Inventory S 130 290 50 470 Bank loan Accounts payable $ 270 170 $ 440 Current liabilities Current assets Real estate Other assets Total 2,150 400 $ 2,990 2,400 Long-term debt 120 Equity $ 2,990 Total Calculate Wishing Well's WACC Assume that the book and market values of Wishing Wers debt are the same. The marginal tax rate is 35% (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.) Weighted-average cost of capital References eBook & Resources Worksheet Difficulty: Intermediate