1A

1B)

A firm's WACC:

A) is a benchmark discount rate that is adjusted for the riskiness of each project.

B)is an informational value only and should never be used as a discount rate.

C)is the proper discount rate for every project the firm undertakes.

D) is used to value all of the firm's existing projects.

Please Help and show your work

Here is some information about Stokenchurch Inc. Beta of common stock = 1.9 Treasury bill rate = 4% Market risk premium = 8.2% Book value of equity $510 mllion 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.)