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Here is some information about Stokenchurch Incorporated: Beta of common stock =1.3 Treasury bill rate =4% Market risk premium =6.6% Yield to maturity on long-term

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Here is some information about Stokenchurch Incorporated: Beta of common stock =1.3 Treasury bill rate =4% Market risk premium =6.6% Yield 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? Note: Do not round intermediate calculations. Enter your answer as a percent rounded

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