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Kellogg Company manufactures cereal and other convenience food under its many well-known brands such as Kellogg's, Keebler, and Cheez-t. The company, wth over $13.5 billion

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Kellogg Company manufactures cereal and other convenience food under its many well-known brands such as Kellogg's, Keebler, and Cheez-t. The company, wth over $13.5 billion in annual sales worldwide, partially finances its operation through the issuance of debt. At the beginning of its 2015 fiscal year, it had $6.5 in total debt. At the end of fiscal year 2015. its total debt had Increased to 56.6 billion. Its fiscal 2015 interest expense was $227 million and its assumed statutory tax rate was 37. Kelog has an estimated market beta of 040. Assume that the expected plak free rate is 2.5 and the spected market premium Kellogg's stock closed at 350.12 on December 31, 2015. On that same date, the company had 420.315,589 shares issued, or which 70,291,514 shares were in treasury, What is Kellops total market captization as of December 31, 2015 Enter answerin, rounding to one decimal plate. bon $175 Computer Kello WACC Use your rounded wer above for computation und wer to one della lex 00345

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