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Here is some information about Stokenchurch Inc.: Beta of common stock = 1.5 Treasury bill rate = 3.95% Market risk premium = 6.47% Yield to
Here is some information about Stokenchurch Inc.: Beta of common stock = 1.5 Treasury bill rate = 3.95% Market risk premium = 6.47% Yield to maturity on long-term debt = 3.71% Preferred stock price = $35 Preferred dividend = $1 per share Book value of equity = $185 million Market value of equity = $562 million Long-term debt outstanding = $220 million Shares of preferred stock outstanding = 2.6 million Corporate tax rate = 21% What is the companys WACC?
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