Here is some information about Stokenchurch Inc.: Beta of common stock = 0.6 Treasury bill rate = 0.53% Market risk premium = 6.42% Yield to maturity on long-term debt = 2.56% Preferred stock price = $34 Preferred dividend = $5 per share Book value of equity = $177 million Market value of equity = $384 million Long-term debt outstanding = $290 million Shares of preferred stock outstanding = 3.6 million Corporate tax rate = 21% What is the companys WACC?