What is the companys


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 = 35%   

What is the company’s WACC?

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Financial Management: What is the companys
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