Estimating the Weighted Average Cost of Capital the expected market premium is 5%. Kellogg's stock closed at $72.27 on December 31,2015 . On that same date, the company had 420,315,589 shares issued, of which 70,291,514 shares were in treasury. a. What is Kellogg's total market capitalization as of December 31, 2015? Enter answer in billions, rounding to one decimal place. x billion b. Compute Kellogg's WACC. Use your rounded answer above for computation. Round answer to one decimal place (ex: 0.0245=2.5% ). %