Here is some information about Stokenchurch Inc.: Beta of common stock = 1.6 Treasury bill rate = 4% Market risk premium

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answerhappygod
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Here is some information about Stokenchurch Inc.: Beta of common stock = 1.6 Treasury bill rate = 4% Market risk premium

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Here is some information about Stokenchurch Inc.:
Beta of common stock = 1.6
Treasury bill rate = 4%
Market risk premium = 6.9%
Yield to maturity on long-term debt = 8%
Book value of equity = $380 million
Market value of equity = $760 million
Long-term debt outstanding = $760 million
Corporate tax rate = 21%
What is the company’s WACC? (Do not roundintermediate calculations. Enter your answer as a percent roundedto 2 decimal places.)
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