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Here is some information about Stokenchurch Incorporated:Beta of common stock = 1 . 9 Treasury bill rate = 4 % Market risk premium = 7

Here is some information about Stokenchurch Incorporated:Beta of common stock =1.9Treasury bill rate =4%Market risk premium =7.2%Yield to maturity on long-term debt =5%Book value of equity = $410 millionMarket value of equity = $820 millionLong-term debt outstanding = $820 millionCorporate tax rate =21%What is the companys WACC?Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

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