What is the company wacc

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Here is some information about Stokenchurch Inc.: Beta of common stock = 1.9 Treasury bill rate = 4% Market risk premium = 8.2% Yield to maturity on long-term debt = 5% Book value of equity = $510 million Market value of equity = $1,020 million Long-term debt outstanding = $1,020 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.)

Reference no: EM131915347

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