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.) Cash and marketable securities Accounts receivable- $ 100 Bank loan $ 360 260 Accounts payable 160 Inventory 50 Current liabilities $ 520 Current assets $ 410 Real estate Other assets 2,250 150 Total $ 2,810 Long-term debt Equity Total 1,798 500 $ 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 %