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 to 2 decimal places. WACC %

Here is some information about Stokenchurch Incorporated: Beta of common stock =1.3 Treasury bill rate =4% Market risk premium =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? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places