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8 15 points Here is some information about Stokenchurch Inc.: Beta of common stock = 2.0 Treasury bill rate = 4% Market risk premium =
8 15 points Here is some information about Stokenchurch Inc.: Beta of common stock = 2.0 Treasury bill rate = 4% Market risk premium = 7.3% Yield to maturity on long-term debt = 10% Book value of equity = $420 million Market value of equity = $840 million Long-term debt outstanding = $840 million Corporate tax rate = 21% What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a pe places.) Answer is complete but not entirely correct
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