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 11% interest on the bank debt and 10% interest on the secured debt. Wishing Well has 10 million shares of stock outstanding, trading at $92 per share. The expected return on Wishing Wells common stock is 21%. (Table in $ millions.) Cash and marketable securities $ 110 Bank loan $ 250 Accounts receivable 270 Accounts payable 160 Inventory 50 Current liabilities $ 410 Current assets $ 430 Real estate 2,300 Long-term debt 2,260 Other assets 140 Equity 200 Total $ 2,870 Total $ 2,870 Calculate Wishing Wells WACC. Assume that the book and market values of Wishing Wells 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 %