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Consider the following information for Clinkle Company: Stock information: Stock price: $63 Number of shares outstanding: 18 million Beta: 0.8 . Bond information: . Value

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Consider the following information for Clinkle Company: Stock information: Stock price: $63 Number of shares outstanding: 18 million Beta: 0.8 . Bond information: . Value of debt: $680 million Pre-tax cost of debt: 5.5% Other information . Tax rate: 21% Government bond interest rate: 3% Expected return on the S&P 500: 7% 0 What is the weighted average cost of capital? 4+ decimals Submit

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