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Here is some information about Stokenchurch Inc.: Beta of common stock = 1.7 Treasury bill rate = 4% Market risk premium = 8.0% Yield to

Here is some information about Stokenchurch Inc.: Beta of common stock = 1.7 Treasury bill rate = 4% Market risk premium = 8.0% Yield to maturity on long-term debt = 9% Book value of equity = $490 million Market value of equity = $980 million Long-term debt outstanding = $980 million Corporate tax rate = 21% What is the companys WACC?

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