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Beta of common stock = 1 . 4 Treasury bill rate = 4 % Market risk premium = 6 . 7 % Yield to maturity

Beta of common stock =1.4
Treasury bill rate =4%
Market risk premium =6.7%
Yield to maturity on long-term debt =10%
Book value of equity = $360 million
Market value of equity = $720 million
Long-term debt outstanding = $720 million
Corporate tax rate =21%
What is the companys WACC?

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