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Here is some information about Stokenchurch Incorporated: Beta of common stock = 1 . 8 Treasury bill rate = 4 % Market risk premium =

Here is some information about Stokenchurch Incorporated:
Beta of common stock =1.8
Treasury bill rate =4%
Market risk premium =8.1%
Yield to maturity on long-term debt =10%
Book value of equity = $500 million
Market value of equity = $1,000 million
Long-term debt outstanding = $1,000 million
Corporate tax rate =21%
What is the companys WACC?

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