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 $85 per share. The expected return on Wishing Well's common stock is 19% (Table in $ millions ) Cash and marketable securities Accounts receivable Inventory $ 130 200 50 Bank loan Accounts payable $ 300 140 Current liabilities $ 440 Current assets Real estate Other assets Total 1,740 300 2,480 1,950 Long-term debt 150 Equity $ 2,480 Total 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 35%. (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.) Weighted-average cost of capital