Here is some information about stokenchurch inc what is the


Here is some information about Stokenchurch Inc.:

Beta of common stock = 1.7

Treasury bill rate = 4%

Market risk premium = 8.0%

Yield to maturity on long-term debt = 9%

Book value of equity = $490 million

Market value of equity = $980 million

Long-term debt outstanding = $980 million

Corporate tax rate = 35%

What is the company’s WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

WACC %

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Financial Management: Here is some information about stokenchurch inc what is the
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