Problem 19-6 WACC The table below shows a book balance sheet for the Wishing Well Motel chain. The company's long term debt is secured by sces estate assets, but it also uses short-term bank loans as a permanent source of financing It pays 123 interest on the bank debt and 9 Interest on the secured debt. Wishing Well has 10 million shares of stock outstanding, trading at $81 per share. The expected return on Wishing Wellis common stock is 20% (Table figures in $ millions.) $ 5 160 Bank loan Accounts payable Current liabilities 120 5 Cash and marketable securities Accounts receivable Inventory Current att Real estate Other assets Total 1,500 1.750 130 $ 2,180 Long-tern debt Equity Total $ 2,150 Calculate Wishing Well's WACC Assume that the book and market values of Wishing Weil's debt are the same. The marginatus 21%. (Do not round Intermediate calculations. Enter your answer as a percent rounded to 1 decimal piece Weighted average cost of capital