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Here is some Information about Stokenchurch Inc.: Beta of common stock =1.3 Treasury bill rate =4% Market risk premlum =6.6% Yleld to maturity on long-term

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Here is some Information about Stokenchurch Inc.: Beta of common stock =1.3 Treasury bill rate =4% Market risk premlum =6.6% Yleld to maturity on long-term debt =6% Book value of equity =$350 million Market value of equity =$700 million Long-term debt outstanding =$700 million Corporate tax rate =21% What Is the company's WACC? (Do not round Intermedlate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct

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